06/25/2009
Arbitrators May Have Inherent Powers That Go Beyond Expressly Conferred Powers
Reliastar Life Ins. Co. of New York v. EMC National Life Co., 2009 WL 941173 (2nd Cir. 2009)
Brief Summary
The Second Circuit held that an arbitration panel did not exceed its power by awarding attorney fees for bad faith conduct, even though the underlying contract called for the parties to pay their own fees.
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