On Remand, Arbitrators Continue to Award $25 Million in Punitive Damages, Despite Court Decision UPDATE, SAWTELLE v. WADDELL & REED, INC., NASD ID #97-03642 (9/4/03). Incredibly, the three Arbitrators who were directed to reconsider an excessive award of punitive damages have done so and have decided that they were right … Continue reading Sawtelle Waddell Reed Punitve Damages Reinstated