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Franko v. Ameriprise Financial Services

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA


June 11, 2009

JOSEPH FRANKO, ET AL.
v.
AMERIPRISE FINANCIAL SERVICES, INC., F/K/A AMERICAN EXPRESS FINANCIAL ADVISORS, INC.

The opinion of the court was delivered by: John R. Padova, J.

ORDER

AND NOW, this 11th day of June, 2009, upon consideration of Petitioners' Petition to Vacate the Arbitration Award (Docket No. 1) and Respondent's Cross-Petition to Confirm the Arbitration Award and for Sanctions (Docket No. 5), and Petitioner's reply, and for the reasons stated in the accompanying Memorandum, it is hereby ORDERED that:

1. Petitioners' Petition to Vacate is DENIED.

2. Respondent's Cross-Petition to Confirm and for Sanctions is GRANTED insofar as it seeks confirmation, but DENIED insofar as it seeks sanctions.

3. The final Arbitration Award dated January 8, 2009 is CONFIRMED.

20090611

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