Legal Opinion
Larsen & Toubro Ltd. v. Millenium Management, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided February 8, 2007PublishedCited by 1 opinion
1Opinion of the Court
Order, Supreme Court, New York County (Richard *214B. Lowe, III, J.), entered July 29, 2005, which, to the extent appealed from, denied the corporate defendants’ motion to vacate the arbitration award, unanimously affirmed, with costs.
The panel’s reading and application of the subject note’s provision barring setoffs, even if not specifically barring defenses, was neither in “manifest disregard of the law” (Wien & Malkin LLP v Helmsley-Spear, Inc., 6 NY3d 471, 480-481 [2006], cert dismissed — US —, 127 S Ct 34 [2006]) nor “totally irrational” (Matter of Local Div. 1179, Amalgamated Tr. Union,…
2Cases cited4 opinions
- Wien & Malkin LLP v. Helmsley-Spear, Inc.New York Court of Appeals · 2006
- In Re the Arbitration Between National Cash Register Co. & WilsonNew York Court of Appeals · 1960
- New York City Transit Authority v. Transport Workers' Union of AmericaNew York Court of Appeals · 2005
- In re the Arbitration between Local Division 1179, Amalgamated Transit Union & Green Bus Lines, Inc.New York Court of Appeals · 1980
3Cited by1 opinion
- Larsen & Toubro Ltd. v. Millenium Management, Inc.Appellate Division of the Supreme Court of the State of New York · 2007