N.Y. Federal Judge Remands Line Award, Orders Arbitrator to Issue ‘Reasoned Award’

NEW YORK — A New York federal judge has remanded a line arbitration award, finding it is not a “reasoned award” as required by the parties’ arbitration agreement because it contained no discussion of the facts, explanation of the claims or reasons for the arbitrator’s determinations regarding liability and damages.

On March 2, Judge Paul G. Gardephe of the U.S. District Court for the Southern District of New York also ruled, however, that the arbitrator was not required to take into account a previous state court ruling related to the parties’ dispute, finding it had no preclusive effect in the …