Principal Securities, Inc.
v.
Mark A. Gelbman
Mark A. Gelbman seeks further review of a decision of the court of appeals affirming the district court’s order vacating a Financial Industry Regulatory Authority (“FINRA”) arbitration award. Mr. Gelbman argues the court of appeals misapplied the relevant standard of review and erred in its analysis of the district court’s order.
Applicant
Principal Securities, Inc.
Resister
Mark A. Gelbman
Attorneys for the Applicant
Angel A. West
Kathryn Roe Eldridge
Attorneys for the Resister
Jacob M. Oeth
Kevin D. Galbraith
Supreme Court
Oral Argument Schedule
Non-Oral
Dec 17, 2024 1:30 PM
Briefs
Court of Appeals
Court of Appeals Opinion
Opinion Number:
Date Published:
Summary
Appeal from the Iowa District Court for Polk County, Celene Gogerty, Judge. AFFIRMED. Considered by Bower, C.J., and Buller and Langholz, JJ. Opinion by Buller, J. Dissent by Langholz, J. (18 pages)
A party to arbitration appeals a ruling vacating the award. OPINION HOLDS: We affirm, finding the district court correctly ruled the award was not supported by substantial evidence. DISSENT ASSERTS: Because the district court exceeded the bounds of its limited review of arbitration awards under Iowa Code section 679A.12 (2022), I would reverse the district court and let the binding arbitration award stand.