MATTER OF DONALD & CO. SECURITIES, INC.


270 A.D.2d 56 (2000)

704 N.Y.S.2d 242

In the Matter of the Arbitration between DONALD & CO. SECURITIES, INC., Appellant, and GEORGE JONES, Respondent.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided March 9, 2000.


The arbitrators' dismissal of all claims against petitioner's employee does not render their award against petitioner irrational. There was an independent basis for a finding of liability against petitioner other than one grounded upon the negligence of its employee. It does not assist petitioner to argue the hearsay nature of certain testimony of its employee since an arbitrator is not bound by rules of evidence (see, Matter of Silverman [Benmor Coats],

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