2nd Cir. Upholds $21 Million Arbitration Award, Finds No Manifest Disregard of the Law

NEW YORK — An arbitrator did not manifestly disregard the law by awarding more than $21 million to a coal broker in a breach of contract dispute, a federal appeals court ruled after determining that the arbitrator’s decision was based on the language of the parties’ contracts.

In a May 9 summary order, the 2nd Circuit U.S. Court of Appeal further ruled that the arbitrator did not improperly calculate the damages award.

A&G Coal Corp. and Meg-Lynn Land Company Inc. appealed the U.S. District Court for the Southern District of New York’s confirmation of a $21,074,300 arbitration award issued in …