Court Upholds Sanctions for Party’s Failure to Arbitrate in Good Faith

SECOND CIRCUIT RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK V. EMC NATIONAL LIFE COMPANY (CIVIL ACTION NO.: 07-CV-0828 – April 9, 2009) Appellant appealed a judgment from the United States District Court for the Southern District Court of New York vacating a portion of an arbitration award on the grounds that the arbitration panel went beyond its authority in awarding attorneys’ fees and arbitrator’s fees as sanctions for a party’s failure to arbitrate in good faith pursuant to the parties’
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