Bradford C. Hagerman v. Wells Fargo Advisors Financial Network LLC

CourtDistrict Court, M.D. Florida
DecidedMarch 31, 2026
Docket8:25-cv-03376
StatusUnknown

This text of Bradford C. Hagerman v. Wells Fargo Advisors Financial Network LLC (Bradford C. Hagerman v. Wells Fargo Advisors Financial Network LLC) is published on Counsel Stack Legal Research, covering District Court, M.D. Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bradford C. Hagerman v. Wells Fargo Advisors Financial Network LLC, (M.D. Fla. 2026).

Opinion

UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION

BRADFORD C. HAGERMAN,

Plaintiff,

v. Case No. 8:25-cv-3376-KKM-TGW

WELLS FARGO ADVISORS FINANCIAL NETWORK LLC,

Defendant. ____________________________________

ORDER Bradford Hagerman petitions to vacate an arbitration award that a Financial Industry Regulation Authority (FINRA) arbitrator granted to Wells Fargo Advisors Financial Network, LLC. Pet. (Doc. 1-1). In response, Wells Fargo cross-petitions for confirmation of the award and attorney’s fees and costs. Cross Pet. (Doc. 6). For the reasons below, I deny the petition to vacate and grant the cross petition to confirm the award and motion for fees and costs. I. BACKGROUND In 2010, Brad Hagerman obtained two promissory notes from Wells Fargo, each worth $135,000. See Pet. at 3; First Note (Doc. 6-1); WCL Note (Doc. 6-2); Cross Pet. at 2. The notes provided a final due date of January 31, 2018, WCL Note at 2, and October 31, 2018, First Note at 2. They also designated “the arbitration facility of the Federal Industry Regulatory Authority” as the exclusive forum to resolve “any controversy arising out of

[the notes].” First Note at 3; WCL Note at 3 (same). In 2025, Wells Fargo initiated arbitration proceedings against Hagerman, alleging that he failed to repay the amounts due on the notes. Pet. at 3. Though he received notice, Hagerman did not respond or participate in

the proceedings. See id. ¶¶ 19, 21; Cross pet. at 3; Award (Doc. 1-3) at 2–3. On October 24, 2025, the arbitrator decided in favor of Wells Fargo, concluding that Hagerman was liable for the balance and interest of both notes, attorney’s fees under the notes’ terms, and FINRA fees. Award at 3–5.

Less than one month later, Hagerman filed a petition in Florida state court to vacate the award under § 682.13, Fla. Stat. Pet. at 2. Wells Fargo removed the action to this Court, Notice of Removal (Doc. 1), and cross- petitions to confirm the award, Cross Pet. Hagerman opposes the cross

petition, Resp. (Doc. 11), and Wells Fargo replies, Reply (Doc. 17). The award includes a summary of the proceedings and the arbitrator’s findings. “[Wells Fargo] asserted a cause of action for breach of two promissory notes dated January 14, 2010,” each with a principal sum of $135,000. Award

at 2. The arbitrator found that Hagerman “was served with the Claim Notification letter” both by regular and FedEx mail on two occasions and was sent a “Notification of Arbitrator” via email. Id. at 3. Although the Notification letter explained that parties must use an online portal to submit filings,

Hagerman did not register for the portal. Id. And because he “did not file a Statement of Answer,” the arbitrator explained, “this matter proceeded pursuant to Rule 13807(e)(1) of the Code of Arbitration Procedure.” Id. The Arbitrator “acknowledge[d] having read the pleadings and other

materials filed by the parties.” Id. She concluded that Hagerman was liable for $18,516.55 on the First Note, plus interest; $61,131.92 on the WCL Note, plus interest; “$18,000 in attorney’s fees pursuant to the terms of the Notes;” and $1,300 in FINRA fees. Id. at 3–4.

II. Legal Standard “Because arbitration is an alternative to litigation, judicial review of arbitration decisions is among the narrowest known to the law.” UBS Fin. Servs., Inc. of Puerto Rico v. Efron, No. 23-13879, 2025 WL 1833578, at *5 (11th

Cir. July 3, 2025) (per curiam) (quoting AIG Baker Sterling Heights, LLC v. Am. Multi-Cinema, Inc., 508 F.3d 995, 1001 (11th Cir. 2007)). “There is a presumption under the FAA that arbitration awards will be confirmed, and federal courts should defer to an arbitrator’s decision whenever possible.”

Reach Air Med. Servs. LLC v. Kaiser Found. Health Plan Inc., 160 F.4th 1110, 1119 (11th Cir. 2025) (citation modified). Thus, “courts may vacate an arbitrator’s decision ‘only in very unusual circumstances.’ ” Id. (quoting Oxford Health Plans LLC v. Sutter, 569 U.S. 564, 568 (2013)). Vacatur is only

appropriate when a plaintiff “prov[es] the existence of one or more of four statutorily enumerated causes for reversal set forth in 9 U.S.C. § 10(a)(1)–(4).” Wiand v. Schneiderman, 778 F.3d 917, 925 (11th Cir. 2015). The grounds for reversal are:

(1) where the award was procured by corruption, fraud, or undue means; (2) where there was evident partiality or corruption in the arbitrators, or either of them; (3) where the arbitrators were guilty of misconduct in refusing to postpone the hearing, upon sufficient cause shown, or in refusing to hear evidence pertinent and material to the controversy; or of any other misbehavior by which the rights of any party have been prejudiced; or (4) where the arbitrators exceeded their powers, or so imperfectly executed them that a mutual, final, and definite award upon the subject matter submitted was not made.

9 U.S.C. § 10(a)(1)–(4). “9 U.S.C. § 9 dictates that ‘[i]f the parties in their agreement have agreed that a judgment of the court shall be entered upon the award made pursuant to the arbitration . . . the court must grant such an order unless the award is vacated, modified, or corrected.’ ” Bellemore v. SSS Educ. Inc., No. 8:19-CV- 2053-SDM-JSS, 2022 WL 17481482, at *1 (M.D. Fla. Sept. 21, 2022) (quoting 9 U.S.C. § 9); see also S. Commc’ns Servs., Inc. v. Thomas, 720 F.3d 1352, 1357 (11th Cir. 2013). III. ANALYSIS Hagerman fails to prove grounds for vacatur under the FAA. Because

vacatur is unwarranted and the notes provide for entry of judgment, I confirm the award. A. The FAA Applies to this Action I begin with the threshold question of what law to apply. Although

Hagerman seeks vacatur under the Florida Arbitration Code, § 682.13, Fla. Stat., Pet. at 1, Wells Fargo contends that the FAA, supplemented by the Florida Arbitration Code, governs. See Cross Pet. at 4. Hagerman does not contest either point and impliedly concedes that the FAA applies. See Resp. at

6 (citing the FAA as the source of “grounds for vacation of the Award”). I apply the FAA to consider vacatur and confirmation. Because the contract involves interstate commerce, the FAA applies by default. See Kong v. Allied Pro. Ins. Co., 750 F.3d 1295, 1303 (11th Cir. 2014). Whether—and to

what extent—state law applies in an arbitration enforcement proceeding are not straightforward questions. Compare id. (“[I]f a contract involves interstate commerce, a court must resolve arbitration disputes according to the FAA, regardless of whether that court is a federal court sitting in diversity.”), with

Gulfstream Aerospace Corp. v. Oceltip Aviation 1 Pty Ltd., 31 F.4th 1323, 1325 (11th Cir. 2022) (per curiam) (holding that parties can contract out of the application of the FAA). In any event, neither party explains why Florida law would govern any part of the instant dispute.1 I apply the FAA.

B.

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