Raymond James Financial Services, Inc., and Bernard Michaud v. Kathryn L. Honea

Summary

The Alabama Supreme Court reversed the trial court's vacatur of an arbitration award and remanded for a de novo review of the arbitration transcript, holding that the contract provision requiring such review is enforceable under state law and that Hall Street does not preclude this review. The Court also held that the FAA's exclusive vacatur grounds apply, but the parties' agreement to a de novo review is valid and must be honored.