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ISSAQUAH LAW GROUP

Issaquah Law Group: Experienced Counsel; Client Focus

PHILOSOPHY: Formed in 2014, Issaquah Law Group is a law firm with one focus: providing businesses and insurers with high quality legal representation with the responsiveness of a smaller firm. ILG was founded on the principle that strong client relationships are the key to successful legal representation and strong relationships are built upon clear and consistent communication. 

LITIGATION: We work closely with our clients to fully and accurately understand their goals, work collaboratively to formulate specific legal strategies, and execute the agreed plan of action utilizing methods most likely to result in the efficient and effective resolution of the matter. ILG attorneys have a broad base of litigation experience to draw on in all Federal and State courts from on-the-ground investigations to Supreme Court appeals in the areas of personal injury and wrongful death, product liability, commercial general liability, labor & employment, construction litigation, and catastrophic losses due to fire and explosion.

BUSINESS LAW: Rarely is the path from point A to point B a straight line, so our role in a business law practice is to find alternatives, devise workable strategies, and keep your business ideas, goals and objectives moving toward realization. ILG’s business attorneys help clients achieve their goals with respect to business formation, intellectual property, labor and employment, CAN-SPAM, copyright and trademark

COMMUNITY: In addition, the Lawyers at Issaquah Law Group remain active in the legal and civic community. A core commitment of our Issaquah Attorneys is community service. Our attorneys' civic involvement includes the King County Civil Rights Commission; the City of Issaquah Planning Policy Commission; the Northwest Screenwriters Guild, service as a pro tem judge. We live and work in the Pacific Northwest, and we aim to make it a better place.

In addition, through The Amateur Law Professor Blog and LinkedIn postings, we share pertinent opinions and decisions of the Washington State Supreme Court, as well as the pertinent opinions and decisions of the Washington State Courts of Appeal so that our clients can be as update to date on cutting legal issues as we are.

WA Supreme Court: Court May Vacate Facially Valid Arbitration Award

Broom v. Morgan Stanley DW Inc.

Broom's broker made some bad decisions. He took a retirement account, liquidating blue-chip stocks and going high-tech. Not a smart move for an old man. The broker move to Morgan Stanley in 2000, taking the account with. The value continued to decrease, and Broom passed away in 2002.

The children brought suit, alleging negligence and a slew of other claims. The arbitration agreement came into effect and Morgan Stanley asserted statute of limitations. The arbitration panel held that the claims were barred by the statute limitations (except for the CPA claim. The panel then dismissed the CPA claim.

The problem here is the statute of limitations applied to arbitrations is that of the arbitration agreement, not the state.  The parties, may of course contract specifically for a state statute limitations, but this does not mean that they apply automatically. Thus, the six-year limitation within the arbitration agreement governed.

The next question then becomes whether the court can trump an arbitration award where there is a clear error of law: "We hold that facial legal error falls within former RCW 7.04.160(4) as one instance in which arbitrators exceed their powers and that it is a valid ground to vacate an arbitration award."

Yes, I have had my Xanax and can now again blog securities opinions. Or maybe it's the fact that this is an opinion about arbitration awards that only tangentially touches on securities. Either way, you have your opinion, and a bit of analysis to boot.

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