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ABA Section of Litigation Annual Conference, April 29 – May 1, 2009: Arbitrating Securities Class Actions 1 RECENT DEVELOPMENTS IN THE LAW OF VACATUR AND THE STANDARD OF MANIFEST DISREGARD OF THE LAW1Sandra D. Grannum2 Davidson & Grannum, LLP Orangeburg, New York Christine Lazaro St. John’s School of Law Queens, New York The Federal Arbitration Act (FAA) was enacted to provide parties a dispute resolution process that would be both speedier and less costly than litigation. See, Moses H. Cone...

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