Credit Suisse First Boston Corp. v. Crisanti
This Supreme Court order unanimously affirmed a prior decision that denied a petition to vacate an arbitration award. The dispute involved a terminated arbitrageur's entitlement to a bonus. The court found no manifest disregard of the law by the arbitration panel, noting that the legal principles were not well-defined. It upheld the arbitrators' finding of an implied right to a bonus based on the parties' dealings and industry practice. The court also determined that the refusal to hear a proposed witness was not fundamentally unfair as the testimony would have been cumulative, and an alleged misrepresentation by respondent's attorney did not constitute fraud. Finally, the award was found not to offend public policy.