DeVary v. National Securities Corporation
- 1:21-cv-07869
- U.S. District Court · Southern District of New York
- 1
In DeVary v. National Securities Corporation, the court denied Forte’s motion to vacate an arbitration award and granted DeVary’s motion to confirm it.
DeVary and Forte are directly affected: the arbitration award was confirmed, and Forte’s motion to vacate it was denied.
What happened
In DeVary v. National Securities Corporation, Forte asked the court to vacate an arbitration award, while DeVary asked the court to confirm it.
The judgment says the court relied on its Memorandum Opinion and Order dated March 27, 2024. It also states that the award had at least a barely colorable justification, meaning there was at least a minimally reasonable basis for the result.
The court denied Forte’s motion to vacate the award and granted DeVary’s cross-motion to confirm it. The opinion text does not identify the judge; the judgment was entered by the court clerk on March 28, 2024.
The detailed version
- DeVary v. National Securities Corporation · No. 1:21-cv-07869
- Mar. 28, 2024
Background
The judgment concerns an arbitration award. The opinion text states that Forte filed a motion to vacate the award and that DeVary filed a cross-motion to confirm it. It refers to the court’s Memorandum Opinion and Order dated March 27, 2024, but that memorandum is not included in the provided text.
Court’s Reasoning
The judgment states that the award had at least a “barely colorable justification for the outcome reached,” quoting Smarter Tools Inc., 57 F.4th at 383. The judgment does not provide further explanation of the dispute, the arbitration, or the court’s analysis.
Disposition
The court denied Forte’s motion to vacate the award. It granted DeVary’s cross-motion to confirm the award. The judgment is dated March 28, 2024, and was entered by the clerk of the U.S. District Court for the Southern District of New York. The opinion text does not identify the presiding judge.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.