Wachovia Securities, LLC v. Frank Brand, II
Court of Appeals for the Fourth Circuit
1Opinion of the Court
OPINION
DUNCAN, Circuit Judge:
Wachovia Securities, LLC (“Wachovia”) 1 appeals from the district court’s refusal to vacate an arbitration award entered against it after it sued several former employees on what the arbitrators determined were frivolous claims. Wachovia argues that the arbitrators (the “Panel”) violated § 10(a)(3) of the Federal Arbitration Act (the “FAA”) and “manifestly disregarded” the law when they awarded $1.1 million in attorneys’ fees and costs under the South Carolina Frivolous Civil Proceedings Act (the “FCPA”), codified at S.C.Code Ann. § 15-36-10. For the reasons that…
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