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Barclays Capital Inc. v. Platt
United States District Court for the Southern District of Florida
No. 15-21850-CIV-MARTINEZ-GOODMAN, 2018 U.S. Dist. LEXIS 216879 (2018)
- Written by Samuel Omwenga, JD
Facts
Two parties went into arbitration to resolve a dispute. The losing party (movant) (plaintiff) moved in district court to vacate the award on grounds the arbitrator exceeded his authority under the arbitration agreement in forgiving the debt owed by one of the parties in promissory notes the parties signed and in awarding attorneys’ fees. The movant argued that there was no basis under the promissory notes or applicable laws, including the Federal Arbitration Act (FAA), that authorized the notes to be forgiven, nor was there a basis under Florida law for the arbitrator’s award of attorneys’ fees.
Rule of Law
Issue
Holding and Reasoning (Martinez, J.)
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