Lance Wise and Nancy Wise v. Wachovia Securities, Llc, and Nasd

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that “[t]he citizenship for diversity purposes of a limited liability company . . . is the citizenship of each of its members”
• noting that the FAA “confers federal juris- diction in cases involving arbitration only of disputes that, were they litigated rather than arbitrated, would be within federal jurisdiction” (citations omitted)
• noting that in reviewing an arbitration award under the FAA, ″the issue for the court is not whether the contract interpretation is incorrect or even wacky but whether the arbitrators had failed to interpret the contract at all″
• explaining the Seventh Circuit has confined “manifest 14 disregard” to cases where arbitrators “direct the parties to violate the law”
• noting pre-Hall Street that it defines manifest disregard “so narrowly that it fits 14 USCA4 Appeal: 22-1895 Doc: 45 Filed: 07/18/2024 Pg: 15 of 19 comfortably” within the FAA’s statutory ground “where the arbitrators exceeded their powers” (cleaned up)
• Federal courts “are not” “engaged in judicial review of arbitration awards under the Federal Arbitration Act.”

Source: CourtListener parenthetical corpus (CC0).