Renard v. Ameriprise Financial Services. Inc.

Dist. Ct. did not err in confirming arbitration panel’s award in favor of defendant in its claim that plaintiff owed it money based on loans used by plaintiff to build his franchise that he purchased from defendant. Although plaintiff claimed that he did not have to repay said loans and that panel had acted in manifest disregard to terms of franchise agreement and Wisconsin’s Fair Dealership Law, plaintiff could not challenge instant award based only on claim that arbitration panel had committed legal error when finding for defendant. Ct. also rejected plaintiff’s claim that defendant procured instant arbitration award though fraud by defendant’s counsel making inaccurate statements during closing arguments of arbitration proceeding, where said statements were supported by record.