Case: Discrimination/Arbitration (D. Idaho)

An Idaho federal district court denied UBS Financial Services, Inc.'s petition to vacate an arbitration award of $1,000,000 in compensatory damages to an age-protected financial advisor over 60 years old who brought claims including age discrimination under the Age Discrimination in Employment Act, finding that the arbitration panel’s decision, though ambiguous as to which claims the damages were based on, showed neither manifest disregard of the law nor complete irrationality as required for vacatur under the Federal Arbitration Act.

This story was produced by Bloomberg Law Automation and edited by Bloomberg Law staff.