Menu
Feb 11, 2015

An Arbitration Agreement Binds a Receiver

In Wiand v. Schneiderman, Case No. 14-11203 (decided February 10, 2015), the United States Court of Appeals for the Eleventh Circuit held that a receiver appointed by a federal court was bound to adhere to existing arbitration agreements when performing activities as a receiver. A federal court had appointed the appellant, Burton Wiand, as a receiver for six hedge funds that were alleged to have been part of a Ponzi scheme. The receiver was appointed to marshal the assets of the hedge funds in order to compensate the defrauded investors. As a part of that effort, Mr. Wiand initiated cases… Read more