Law360, New York (January 28, 2015, 10:01 AM EST) -- It is not possible to appeal an arbitration award to a court on the usual appellate grounds under federal or state law. Under the Federal Arbitration Act, which governs most arbitrations, a party may petition a court to modify or vacate an arbitration award, but the grounds are extremely narrow — basically that the arbitrator was corrupt, evidently partial, engaged in misconduct regarding evidence or scheduling, or exceeded his or her powers. Also, parties cannot expand the narrow FAA grounds by agreement as the U.S. Supreme Court clarified in 2008 in Hall Street Associates LLC v. Mattel Inc.
The finality of...
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