STMicroelectronics, N v. v. Credit Suisse Securities (USA) LLC
Court of Appeals for the Second Circuit
1Opinion of the Court
GERARD E. LYNCH, Circuit Judge:
Credit Suisse Securities (USA) LLC (“Credit Suisse”) 1 is a member of the Fi nancial Industry Regulatory Authority (FINRA), and Credit Suisse’s form “New Account Agreement” includes a clause requiring its customers to submit all disputes to FINRA arbitration. When, however, Credit Suisse lost a major FINRA arbitration against a customer, STMicroelectronics, N.V. (“ST”), Credit Suisse attacked the arbitrators for various improprieties and asked the district court and now this Court to undo the award. We have given Credit Suisse’s attacks on the arbitral award…
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