Lagstein v. Certain Underwriters at Lloyd’s, London
(9th Cir. (Nev.) June 10, 2010)
The Ninth Circuit reversed a district court’s vacatur of an arbitration award totaling more than $6 million, finding that vacatur was unwarranted under § 10(a) of the Federal Arbitration Act. That section permits a court to vacate an arbitration award only where the award was procured by corruption or fraud, where there was evident partiality in the arbitrators, where the arbitrators were guilty of misconduct which prejudiced the rights …
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