In re the Arbitration between Shevell & Besen

Order and judgment modifying an arbitration award to the extent of reducing the amount awarded to $4,000, unanimously modified, on the law, motion to confirm the award as rendered granted, and cross motion to vacate denied, with $50 costs and disbursements to petitioner. CPLR 7511 (subds. [b], [c]) set forth all the grounds upon which vacatur or modification of an arbitration award may be predicated. None of such grounds has been demonstrated in the present record. It is conceded that the parties entered into an agreement which contains the standard, broad arbitration clause. The dispute…