Arnold v. Morgan Keegan & Co., Inc.

BIRCH, Justice.

We accepted this application for review, filed by Morgan Keegan & Company, Inc. and D. Stanley Shelton pursuant to Term. R.App.P. 11, in order to clarify the standard under which a final decision rendered by an arbitration panel may be judicially reviewed. We find that under the facts and circumstances here present, the review conducted by the Court of Appeals was unduly extensive; we reverse the judgment and reinstate the order of the trial court upholding the ruling of the arbitration panel.

I

The record reveals that upon the death of her father in 1981, Rosalind Arnold, the…