Mendel v. Morgan Keegan & Co.

Morgan Keegan & Company, Inc. (“Morgan Keegan”) appeals the district court’s decision to vacate an arbitral award *1002on the ground that a member of the arbitration panel displayed “evident partiality” toward Morgan Keegan, as that term is used in the Federal Arbitration Act (“FAA”), 9 U.S.C. § 1 et seq. Morgan Kee-gan argues that the district court wrongly relied on an Alabama Supreme Court decision interpreting the relevant FAA provision, instead of this Court’s binding precedent. It asserts that vacatur was improper under the correct standard. We agree, and therefore reverse the district court…