There was no tangible evidence that the arbitrators conducted their own investigation of market prices. However, assuming, as petitioner claims, that the arbitrators resorted to personal knowledge of market prices in arriving at respondent's damages, they were justified in doing so, being of the trade, and thus familiar with "just such matters as what are current prices" (American Almond Prods. Co. v Consolidated Pecan Sales Co.,
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MATTER OF PHIPPS GENZANO INT'L, INC.
232 A.D.2d 296 (1996)
648 N.Y.S.2d 566
In the Matter of the Arbitration between Phipps Genzano International, Inc., Appellant, and State Trading Corporation of India, Ltd., Respondent
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
October 24, 1996
October 24, 1996
Appellate Division of the Supreme Court of the State of New York, First Department.
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