Daly v. Lehman Bros.

—Order and judgment (one paper), Supreme Court, New York County (Louise Gruner Gans, J.), entered May 5, 1997, denying the petition to vacate or, in the alternative, to modify an arbitration award dated June 26, 1996, and granting the cross motion of respondent Lehman Brothers to confirm the award in its favor, unanimously affirmed, with costs.

An arbitration award may not be vacated unless it is violative of strong public policy, utterly irrational, or made in clear excess of a specifically enumerated limitation upon the arbitrator’s power (see, Hackett v Milbank, Tweed, Hadley & McCloy, 86…