Vacatur of $7.3 Million Award Will Lead to 5th Circuit Showdown
April 2, 2012
Attorney from West Short and Associates said, “How much leeway are we going to give arbitrators to remedy situations that are not contemplated by the contract?” That is the question the 5th Circuit is now attempting to answer. A federal judge’s recent decision to vacate an arbitration award in Timegate Studios Inc. v. Southpeak Interactive, et al. presents an issue that will impact the courts ability to vacate an arbitration decision.