Legal Opinion
Goldman Sachs Execution & Clearing, L.P. v. Official Unsecured Creditors' Committee of Bayou Group, LLC
District Court, S.D. New York
Decided November 30, 2010No. 10 Civ. 5622 (JSR)PublishedCited by 3 opinions
1Opinion of the Court
OPINION AND ORDER
JED S. RAKOFF, District Judge.
Although arbitration is touted as a quick and cheap alternative to litigation, experience suggests that it can be slow and expensive. But it does have these “advantages”: unlike courts, arbitrators do not have to give reasons for their decisions, and their decisions are essentially unappealable. Here, petitioner Goldman Sachs Execution & Clearing, L.P. (“Goldman Sachs”), having voluntarily chosen to avail itself of this wondrous alternative to the rule of reason, must suffer the consequences.
Goldman Sachs brings this petition to vacate the…
2Cases cited15 opinions
- Hall Street Associates, L. L. C. v. Mattel, Inc.Supreme Court of the United States · 2008
- Stolt-Nielsen S. A. v. AnimalFeeds International Corp.Supreme Court of the United States · 2010
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Duferco International Steel Trading v. T. Klaveness Shipping A/sCourt of Appeals for the Second Circuit · 2003
- Michael E. Wallace, David Jacaruso and Joseph Scotti v. Daljit S. Buttar and Paramjit Buttar, Robert Winston, AdditionalCourt of Appeals for the Second Circuit · 2004
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3Cited by3 opinions
- Silverman v. United Talmudical Academy Torah Vyirah, Inc. (In Re Allou Distributors, Inc.)United States Bankruptcy Court, E.D. New York · 2011
- Giller v. Oracle USA, Inc.Court of Appeals for the Second Circuit · 2013
- Goldman Sachs Execution & Clearing, L.P. v. Official Unsecured Creditors' Committee of Bayou Group, LLCCourt of Appeals for the Second Circuit · 2012