US Masters Residential Property (USA) Fund v. New Jersey Department of Environmental Protection (081137)(Statewide)

Summary

The New Jersey Supreme Court reversed the Appellate Division, vacated the arbitrator’s award dismissing US Masters’ claim, and remanded for a new arbitration, finding the arbitrator’s reasoning and discovery rulings were arbitrary, capricious, and procedurally unfair. A dissent argued the majority mischaracterized the evidence and exceeded deference owed to arbitrators.