APPELLATE REVIEW OF ARBITRATION AWARDS - HONEA V. RAYMOND JAMES FINANCIAL SERVS, INC.
Honea v. Raymond James Financial Servs, Inc., [Ms. 1130590, 1130655, June 30, 2017] __ So. 3d __ (Ala. 2017). In this 112-page per curiam opinion (Stuart, C.J., and Bolen, Parker, Bryan, and Sellers, JJ., concur; Shaw, J., concurs specially; Murdock, Main, and Wise, JJ., dissent), the Court revisits Raymond James Financial Servs, Inc. v. Honea, 55 So. 3d 1161 (Ala. 2010) ("Raymond James I"), and Raymond James Financial Servs, Inc. v. Honea, 141 So. 3d 1012 (Ala. 2013) ("Raymond James II"), and concludes the Jefferson Circuit Court erred in not granting the claimant a Rule 59(g), Ala. R. Civ. P., hearing on her motion to vacate in part an arbitration award.
The opinion reviews at length the procedural requirements for obtaining judicial review of arbitration awards and the substantive grounds under which such awards may potentially be vacated pursuant to Rule 71(B), Ala. R. Civ. P.
This is required reading for anyone who participates in arbitrations subject to the Federal Arbitration Act.