Cortina

Cortina v. Wells Fargo Advisors CA4/1

Good Law
Court of Appeal of CaliforniaJune 24, 2014D064516California2,130 words

Opinion

Opinion

Aaron, J.

I.

INTRODUCTION

Appellant Avelino Cortina III appeals from the judgment of the trial court entered

after the trial court confirmed an arbitration award entered against Cortina and in favor of

respondent Wells Fargo Advisors, LLC (Wells Fargo).

During his employment as a financial advisor with Wells Fargo, Cortina signed

three promissory notes. Under the terms of the notes, Cortina agreed to pay any

remaining balances on the notes upon the termination of his employment with Wells

Fargo. Cortina resigned from his position at Wells Fargo, but did not pay the balances on

the promissory notes. Wells Fargo filed a claim for arbitration with the Financial

Industry Regulatory Authority (FINRA). Wells Fargo prevailed in the arbitration and

was awarded a sum equal to the remaining balances due on the promissory notes.

Cortina petitioned the trial court to vacate the arbitration award, and Wells Fargo

petitioned to have the arbitration award confirmed by the court. The court confirmed the

arbitration award and denied Cortina's petition to vacate the award.

On appeal, Cortina contends that the trial court erred in denying his request to

vacate the arbitration award.…

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