McGinn, Smith & Co., Inc. v. Chang, D.

Superior Court of Pennsylvania·Decided January 19, 2017·No. 716 EDA 2016·Unpublished

Opinion

J-A28023-16

NON-PRECEDENTIAL DECISION - SEE SUPERIOR COURT I.O.P. 65.37

MCGINN, SMITH & CO., INC., DAVID L. IN THE SUPERIOR COURT OF SMITH AND WILLIAM F. LEX, PENNSYLVANIA

v.

DUCKKYU CHANG, INDIVIDUALLY AND AS TRUSTEE OF CUMBERLAND PATHOLOGY ASSOCIATES, LLC AND KEE CHANG,

Appellees

APPEAL OF: WILLIAM F. LEX No. 716 EDA 2016

Appeal from the Order Entered August 26, 2010 In the Court of Common Pleas of Philadelphia County Civil Division at No(s): 00144 Feb. Term 2010

BEFORE: PANELLA, SHOGAN, and PLATT,* JJ.

MEMORANDUM BY SHOGAN, J.: FILED JANUARY 19, 2017

Appellant, William F. Lex (“Lex”), appeals the order entered August 26,

2010, that partially granted a petition to confirm an arbitration award

entered against him and denied his petition to vacate the award. For the

following reasons, we quash the appeal.

The trial court summarized the factual and procedural history of this

case in an earlier appeal as follows:

[Lex] appeals this court’s Order of August [26], 2010 which partially granted the Petition to Confirm Arbitration Award ____________________________________________

* Retired Senior Judge assigned to the Superior Court. J-A28023-16

filed by Duckyu Chang’s [sic] and Kee Chang [(“the Changs”)], and denied [the] Petition to Vacate the Arbitration Award filed by Lex..[sic] The Petitions before this Court originated from an arbitration proceeding, (“Arbitration”) before the Financial Industry Regulation Authority, (“FINRA”). The Changs’ [sic] filed an action raising claims of breach of contract and fraud against McGinn, Smith & Co, Inc., (“MSC”) David L. Smith and William Lex. The Changs filed a proceeding before the [FINRA] Arbitration. The allegations and claim[s] related to the conduct of MSC, Smith and Lex in the securities industry. On December 31, 2009, after a ten day evidentiary hearing, the FINRA Arbitration Panel unanimously rendered an Award finding MSC, Smith, and Lex, jointly and severally liable to the Changs in the amount of $805,110.00. On January 29, 2010, MSC, Smith, and Lex filed a Joint Petition to Vacate the Arbitration Award. On February 18, 2010, the Changs filed an answer to the Joint Petition to Vacate and filed a Petition to Confirm Arbitration Award.

During the pendency of these Cross Petitions, the U.S. District Court entered a Temporary Restraining Order in the case of Securities and Exchange Commission v. McGinn, Smith & Co., Inc., et al. Civil Action No. 10-CV-00457-GLS-RFT on April 20, 2010. At the oral argument before this court, MSC and Smith contended that the District Court Order resulted in a stay in all pending actions including those cross petitions. The Changs’ [sic] argued that the District Court Order should not stay this court’s determination as to whether the Arbitration Award should be confirmed or vacate[d]; that the stay only affected the payment of any such award. The Arbitration Award found against MSC/Smith and Lex jointly and severally. Lex argued that should this court find that the District Court Order did in fact result in a stay of these proceeding[s], then he should have the benefit of that stay and this court should not enter a partial order. This court directed the parties to submit [] memorandum on this issue. In addition to arguing the effect of the District Court Order, this court also heard argument on the underlying Petitions to Vacate and Confirm. Thereafter, this court entered an Order which stayed the Petitions pending as to MSC and Smith. This court found that the District Court Order did not affect the Petitions regarding Lex. This court denied the Lex Petition to Vacate and granted the Changs’ [sic] Petition to Confirm [against] Lex. This appeal followed.

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Trial Court Opinion, 11/17/10, at 1-2 (internal footnote omitted) (emphasis

in original).

The trial court described the subsequent procedure in its Addendum to

Opinion as follows:

[T]he appeal was quashed [by the Superior Court] on August 2, 2011, because not all parties and claims had been disposed of and this court’s Order was not final.

After the appeal was quashed no further activity appeared on the docket. On December 2, 2015, this court notified Lex’s counsel of the court’s intention to terminate the case for lack of docket activity pursuant to [Pa.R.J.A.] 1901. Counsel was given sixty days to file a Statement of Intention to Proceed, or the case would be terminated. No Statement was filed and on February 1, 2016, the case was administratively closed.

Lex . . . filed the instant appeal [on February 24, 2016,] claiming the August 25, 2010 Order became final once the case was administratively closed. The court notes that the parties have not filed a Praecipe or otherwise notified the court that the stay in the SEC action has been lifted.

Addendum to Opinion, 3/21/16, at unnumbered 2-3. We also note the

record does not reflect that any party filed an application for reinstatement

of this matter, as contemplated by Pa.R.J.A. 1901, and Pa.R.C.P. 230.2.

Appellant presents the following issues for our review:

1. Does the failure of an Arbitration Panel to follow the very law which the Panel itself acknowledges is applicable and controlling, which results in a judgment against an individual for over $800,000.00, constitute an irregularity so as to render the Award inequitable and unconscionable, thus requiring a court to vacate the Award?

2. In an arbitration between an investor and a broker, is the failure to follow Pennsylvania’s law on contributory negligence where the Arbitration Panel has found “definitive fault” on the

-3- J-A28023-16

part of the investor/claimant, such a fundamental irregularity leading to an unjust and unconscionable result so as to require the Court to interpose itself and vacate the Award?

Appellant’s Brief at 1.

Before addressing the merits of Lex’s claims, we must determine

whether we have jurisdiction. “Since we lack jurisdiction over an

unappealable order it is incumbent on us to determine, sua sponte when

necessary, whether the appeal is taken from an appealable order.” Gunn v.

Automobile Ins. Co. of Hartford, Connecticut, 971 A.2d 505, 508 (Pa.

Super. 2009).

Of relevance to this determination is the trial court’s August 26, 2010

order. It provided, in relevant part, as follows:

1) The Petition to Vacate filed by McGinn, Smith, and David L. Smith and that portion of the Petition to Confirm that applies to this entity and individual, are [] stayed pursuant [to] a Temporary Restraining Order entered in the matter of S.E.C. v. McGinn, Smith & Co., et. al. [1 10-CV-457 (GLS/RFT)], in the United States District Court of the Northern District of New York. These matters may be reactivated by the parties herein by praecipe indicating the Stay imposed by said Court is lifted.

2. The Petition to Confirm the Arbitration Award as to [Lex] is GRANTED and the Arbitration Award entered under Duckkyu Chang, et. al. v. Thomas F. Lex, No. 08-04924 is AFFIRMED. The Petition to Vacate filed by [Lex] is DENIED. The Stay previously mentioned, [sic] does not affect the actions pending against [Lex].

3. Judgment in the amount of $805,110.00 plus court [costs] and interest at the rate of six percent (6%) per annum from January 29, 2010, is hereby entered in favor of [the Changs] and against [Lex].

Trial Court Order, 8/26/10, at 1-2.

-4- J-A28023-16

Pursuant to 42 Pa.C.S. § 742, this Court has jurisdiction over appeals

from final orders. Rule 341 of Pennsylvania Appellate Procedure defines a

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