disputes does not favor brokerage firms because arbitrators are bound to apply the law. Brown, 664 F.Supp. at 974 (quoting United Steelworkers v. Enterprise Wheel & Car Corp., 363 U.S. 593, 597, 80 S.Ct. 1358, 1361, 4 L.Ed.2d 1424 (1960)); see also Shearson/American Express, Inc., 482 U.S. at 233-34, 107 S.Ct. at 2341 (concluding SEC has broad authority to regulate rules adopted by national security ex nn.Stat. § 549.211, subds. 2-3 (Supp.1997) (providing for sanctions against parties who bring action for improper purpose, assert unwarranted or frivolous arguments, or allege factual contentions that lack evidentiary support). Because we find no evidence Ottman brought this appeal in bad faith, we decline to award sanctions. See Uselman v. Uselman, 464 N.W.2d 130, 141 (Minn.1990) (<HOLDING>). DECISION Ottman’s post-resignation defamation
recognizing that federal courts have inherent authority to control and redress bad faith and unreasonable vexatious or wanton conduct in litigation that leads to delay prolonging or disruption of court proceedings via imposition of sanctions including award of attorney fees holding error to award statutory sanctions where no evidence of bad faith and attorney did not assert frivolous claim or unfounded position for purposes of delay or harassment holding trial courts finding that claim was frivolous insufficient to meet statutory requirement that claim constitutes harassment is groundless and not made in good faith holding that a bad faith claim is a tort holding that a bad faith claim arises out of contract for attorney fee statute