Fairchild Corp. v. Alcoa, Inc.
District Court, S.D. New York
1Opinion of the Court
DECISION AND ORDER
VICTOR MARRERO, District Judge.
Petitioner The Fairchild Corporation (“Fairchild”) brought this action seeking to vacate, or to reduce by certain tax offsets, an award granted to respondent Alcoa Inc. (“Alcoa”) in an arbitration proceeding. Alcoa cross-moves to confirm the award in its entirety. For the reasons discussed below, Fairchild’s petition is DENIED and Alcoa’s cross-petition is GRANTED.
I. BACKGROUND
The parties’ dispute arose from an acquisition agreement (the “Agreement”) entered into in December 2002 under which Fairchild sold its aerospace fastener business to…
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