Mastrobuono v. Shearson Lehman Hutton, Inc.
Supreme Court of the United States
1Opinion of the CourtJustice Stevens
New York law allows courts, but not arbitrators, to award punitive damages. In a dispute arising out of a standard-form contract that expressly provides that it “shall be governed by the laws of the State of New York,” a panel of arbitrators awarded punitive damages. The District Court and Court of Appeals disallowed that award. The question presented is whether the arbitrators’ award is consistent with the central purpose of the Federal Arbitration Act to *54ensure “that private agreements to arbitrate are enforced according to their terms.” Volt Information Sciences, Inc. v. Board of Trustees…
2Cases cited21 opinions
- Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
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- Volt Info. Sciences, Inc. v. Bd. of Trustees of Leland Stanford Jr. U.Supreme Court of the United States · 1989
- Dean Witter Reynolds Inc. v. ByrdSupreme Court of the United States · 1985
- Southland Corp. v. KeatingSupreme Court of the United States · 1984
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