The parties executed an agreement to arbitrate, dated May 10, 1971, in which they agreed inter alia that the "selected arbitrator [Honorable Charles Froessel] shall have the broadest possible discretion and latitude in connection with the conduct of the hearings, the procedures to be followed therein, and the rendition of an award with respect to the charges and the indebtedness, if any, to the corporations." The agreement also provided that the party against whom...
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