Legal Opinion
Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Jack Bobker
Court of Appeals for the Second Circuit
Decided December 23, 1986No. 178, Docket 86-7513PublishedCited by 250 opinions
1Opinion of the Court
MANSFIELD, Circuit Judge:
Jack Bobker (“Bobker”) appeals from an order of the Southern District of New York, Edward Weinfeld, J., setting aside an arbitration award of $12,500 in his favor against Merrill Lynch Pierce Fenner & Smith, Inc. (“Merrill Lynch”). The award, based on Merrill Lynch’s cancellation of a short sale of 2,000 shares of Phillips Petroleum Company (“Phillips”) made on Bobker’s behalf, was set aside as being in “manifest disregard of the law.” See Wilko v. Swan, 346 U.S. 427, 436-37, 74 S.Ct. 182, 187-88, 98 L.Ed. 168 (1953). We reverse.
The facts are undisputed. Bobker owned…
2Cases cited25 opinions
- United Steelworkers v. Warrior & Gulf Navigation Co.Supreme Court of the United States · 1960
- United Steelworkers v. Enterprise Wheel & Car Corp.Supreme Court of the United States · 1960
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- United Steelworkers v. American Manufacturing Co.Supreme Court of the United States · 1960
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
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3Cited by250 opinions
- D.H. Blair & Co. v. GottdienerCourt of Appeals for the Second Circuit · 2006
- Blair & Co., Inc. v. GottdienerCourt of Appeals for the Second Circuit · 2006
- DiRussa v. Dean Witter Reynolds Inc.Court of Appeals for the Second Circuit · 1997
- Duferco International Steel Trading v. T. Klaveness Shipping A/sCourt of Appeals for the Second Circuit · 2003
- Bridas S.A.P.I.C. v. Government of TurkmenistanCourt of Appeals for the Fifth Circuit · 2003
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