Pine Street Associates, L.P. v. Southridge Partners, L.P.

Tom, J.P.

(dissenting). The culmination of more than two years of litigation that followed the arbitration award rendered in this proceeding is a judgment in favor of petitioner in the total sum of $505.* 1 This is an anomalous outcome in a dispute concerning the redemption of an investment account assessed by the parties at some $8 million. The paltry judgment results from the absence, in the arbitration award, of any valuation of the securities held in the investment account on which judgment could be entered.

This omission is not the consequence of any inadvertence by the arbitrator, but…