Matter of Citigroup Global Mkts., Inc. v. Fiorilla

Judgment, Supreme Court, New York County (Charles E. Ramos, J.), entered May 12, 2014, granting the petition to vacate an arbitral award, and awarding respondent $800,000 in full and complete satisfaction of all claims made in the arbitration and any claims arising out of the same nucleus of fact as those brought in respondent’s amended statement of claim in the arbitration, unanimously affirmed, without costs.

The motion court properly vacated the arbitration award based on a prior settlement agreement. The arbitrators manifestly disregarded the law by failing to enforce the settlement that…