STORY FROM: Reinsurance & Arbitration

Guest Summary: 1st Circuit Refuses to Vacate Arbitration Award Following Stock Dispute

[Editor's note: Brendan Gooley of Carlton Fields is a litigator who focuses on employment discrimination, education, and insurance matters. He joined the firm after clerking for the 2nd Circuit U.S. Court of Appeals and the Connecticut Supreme Court. Copyright 2019, Brendan Gooley.]

BOSTON — The 1st Circuit U.S. Court of Appeals recently denied a corporation’s numerous arguments seeking to vacate an arbitration award in favor of the individual who sold an entity to the corporation.

The court’s decision reflected the narrow review of arbitration awards and the uphill battle that litigants face when trying to vacate such awards, even ...

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