The U.S. District Court for the Southern District of Florida confirmed an award in favor of two former financial advisers and against Merrill Lynch in the amount of $10,250,000. Merrill Lynch had petitioned the district court to vacate the award arguing, in essence, that the record of the arbitration proceeding demonstrated bias on the part of the chairwoman of the arbitration panel against Merrill Lynch. The district court examined the record and the law, found no basis to overturn the award, and, therefore, confirmed the award.