Legal Opinion
Lentine v. Fundaro
New York Court of Appeals
Decided January 12, 1972PublishedCited by 134 opinions
1Opinion of the CourtBreitel, J.
In a proceeding to confirm and on cross motion to modify an arbitrators’ award, the issue turns on the power of arbitrators to direct an unequal distribution of the assets of a partnership upon dissolution despite provision in the partnership agreement for an equal distribution.
Special Term modified the arbitration award to provide for an equal distribution of assets among the partners. The Appellate Division reversed, confirming the arbitrators’ award.
The order of the Appellate Division should be affirmed. Save for “complete irrationality ”, arbitrators are free to fashion the applicable…
2Cases cited5 opinions
- Fudickar v. . Guardian Mutual Life Ins. Co.New York Court of Appeals · 1875
- Matter of WilkinsNew York Court of Appeals · 1902
- In re the Arbitration between Spectrum Fabrics Corp. & Main Street Fashions, Inc.Appellate Division of the Supreme Court of the State of New York · 1955
- In re the Arbitration between Spectrum Fabrics Corp. & Main Street Fashions, Inc.New York Court of Appeals · 1955
- Perkins v. . GilesNew York Court of Appeals · 1872
3Cited by134 opinions
- Norris v. CooperNew York Court of Appeals · 1984
- Garrity v. Lyle Stuart, Inc.New York Court of Appeals · 1976
- In re the Arbitration between Sprinzen & NombergNew York Court of Appeals · 1979
- Fed. Sec. L. Rep. P 93,679 in the Matter of the Arbitration Between Herbert Sobel, and Hertz, Warner & Co.Court of Appeals for the Second Circuit · 1972
- 166 Mamaroneck Ave. Corp. v. 151 East Post Road Corp.New York Court of Appeals · 1991
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