New York Court of Appeals
In the Matter of the Arbitration between Granite Worsted Mills, Inc., and Aaronson Cowen, Ltd., Respondent In the…
December 4, 196925 N.Y.2d 451
Summary
The New York Court of Appeals held that the arbitrator exceeded his powers by ignoring the contract's explicit limitation on damages, requiring vacatur of the award and reversal of the Appellate Division's affirmation. The court remanded the matter to Special Term for further proceedings. Justice Breitel dissented, arguing that the arbitrator's interpretation was within his authority.