J.E. Liss & Company and Dennis Waisman v. Harold A. Levin
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Chief Judge.
A brokerage firm that belongs to the National Association of Securities Dealers, and one of its brokers, brought this suit under the Federal Arbitration Act to vacate an arbitration award of $30,000 to Harold Levin, a former customer. 9 U.S.C. § 10(a)(4). Levin counterclaimed to confirm the award. § 9. The district court sided with the plaintiffs on the ground that the arbitrators had exceeded their jurisdiction.
In 1990 Waisman had sold Levin an interest (conceded to be a security) in a limited partnership known as Vintech. The following year Vintech sought protection from…
2Cases cited21 opinions
- First Options of Chicago, Inc. v. KaplanSupreme Court of the United States · 1995
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- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Joseph F. Cada v. Baxter Healthcare CorporationCourt of Appeals for the Seventh Circuit · 1991
- Fed. Sec. L. Rep. P 95,379 Marian W. Short v. Belleville Shoe Manufacturing CompanyCourt of Appeals for the Seventh Circuit · 1990
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