An award of punitive damages is often the most significant and detrimental part of an award arising from a judicial or arbitral proceeding. In 1995, the United States Supreme Court resolved a circuit split upholding an arbitral panel's authority to award punitive damages under a securities arbitration agreement. This decision was monumental in establishing arbitral power. However, it left several questions unanswered. For example, which, if any, standards should be applied to such awards? This casenote addresses the reviewability of punitive damages awards arising out of a securities arbitration hearing.
Securities Arbitration Awards of Punitive Damages: Protective or Expansive Steps for Review - Sawtelle v. Waddell & (and) Reed, Inc.,
2004 J. Disp. Resol.
Available at: https://scholarship.law.missouri.edu/jdr/vol2004/iss1/17