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Re: IDoCare post# 379867

Thursday, 12/26/2013 12:24:59 PM

Thursday, December 26, 2013 12:24:59 PM

Post# of 433036
IDoCare: Nokia appealed the arbitration award for a variety of reasons; however, as noted in the introductory paragraph (below) to the district court's rejection of the appeal "A federal court will entertain a request for vacatur only in the most egregious circumstances."

"The arbitration was conducted on mutual consent and each party was
represented by able counsel. Nokia now seeks a fresh analysis of the issues already presented to and decided by the Panel. However, the public policy in favor of arbitration is strong. For this reason, the law discourages district judges from redoing the work of arbitrators. A federal court will entertain a request for vacatur only in the most egregious circumstances. While this Court does not necessarily agree with every finding of the Panel, there is nothing so aberrant about the Award to require vacatur. For the reasons set forth below, this Court confirms the Award in its entirety."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=9032224&txt2find=arbitration
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