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FRIEDLER, M.D. v. STIFEL, NICOLAUS, & COMPANY, INC.

No. 22-1895.

STANLEY FRIEDLER, M.D.; GAIL FRIEDLER; RICHARD FRIEDLER; MILAN WISTER, M.D.; AMY WISTER; PHILIP KONTIS, M.D.; CINDY KONTIS; GORDON BOONE, Petitioners-Appellants, v. STIFEL, NICOLAUS, & COMPANY, INC; COLEMAN JOSEPH DEVLIN, Respondents-Appellees.

United States Court of Appeals, Fourth Circuit.

Decided: July 18, 2024.

Attorney(s) appearing for the Case

ARGUED: Marc Seldin Rosen, LAW OFFICES OF MARC SELDIN ROSEN, LLC, Sparks, Maryland, for Appellants.

Edwin A. Zipf, BRESSLER, AMERY & ROSS, Florham Park, New Jersey, for Appellees.

ON BRIEF: Daniel J. Miller, Kevin D. Stern, MILLER STERN LAWYERS, LLC, Baltimore, Maryland, for Appellants.

Daniel J. Donovan, Priscilla A. Donovan, DONOVAN & RAINIE, LLC, Ellicott City, Maryland, for Appellees.

Vacated and remanded by published opinion. Chief Judge Diaz wrote the opinion in which Judge Wilkinson and Senior Judge Motz joined. Judge Wilkinson wrote a concurring opinion.

Petitioners seek to vacate an arbitration award entered against them arising out of a dispute over the management of their brokerage accounts. They claim that the arbitrators manifestly disregarded the law in resolving the dispute. The district court denied the petition, finding that it didn't meet this difficult standard.

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