Employers using agreements that require employees to arbitrate employment law claims should take note of a troubling decision by the U.S. 4th Circuit Court of Appeals (the federal appellate court with jurisdiction over North Carolina).
Facts and Findings
James Warfield, a securities broker, contended before an arbitration panel that his former employer, ICON Advisers, Inc., and a related corporation, ICON Distributors, Inc., (together, ICON) wrongfully terminated him without just cause. The panel awarded him $1,186,975. He asked the U.S. District Court for the Western District of North Carolina to enforce the award. ICON asked the court to vacate