The Ninth U.S. Circuit Court of Appeals overturned an arbitration award in a multimillion-dollar investment case Friday because the lead arbitrator impersonated a California attorney — something he did in dozens of cases before being exposed, the San Francisco Chronicle reports.
The court granted a new arbitration hearing to Move Inc., a Santa Clara online real estate services provider that sued Citigroup Global Markets in 2008 for allegedly mismanaging $131 million of Move’s funds, writes Bob Egelko.
In that case, James H. Frank chaired a three-member panel that, after 20 hearing sessions, ruled against Move in December 2009. Then in early 2014, legal publications disclosed that Frank had for years been impersonating a retired Southern California attorney with the same name.
Read the article from the San Francisco Chronicle.
Tags: Arbitration
