Tuesday, December 24, 2013 7:56:56 PM
9 U.S.C. § 10, 11. Specifically, § 10 provides
the following grounds for vacating an award:
(1) where the award was procured by corruption, fraud, or undue means;
(2) where there was evident partiality or corruption in the arbitrators,
(3) where the arbitrators were guilty of misconduct in
refusing to postpone the hearing, upon sufficient cause shown,
or in refusing to hear evidence pertinent and material to the
controversy; or of any other misbehavior by which the rights
of any party have been prejudiced; or
(4) where the arbitrators exceeded their powers, or so imperfectly executed them that a mutual, final, and definite award upon the subject matter submitted was not made.”
Under § 11, the grounds for modifying
or correcting an award include:
(a)…evident material miscalculation
of figures or an event material mistake in the description
of any person, thing, or property referred to in the award,
(b)… arbitrators have awarded upon a matter not submitted
to them…, [or]
(c) where the award is imperfect in matter of
form not affecting the merits of the controversy.”
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