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HOEFT v. MVL GROUP, INC.

Docket No. 02-9155.

343 F.3d 57 (2003)

Richard HOEFT, III, individually and as trustee under the Hoeft Charitable Remainder Unitrust, Carol J. Hoeft, as trustee under the Hoeft Charitable Remainder Unitrust, Petitioners-Appellants, v. MVL GROUP, INC., Discovery Research Group of Utah, Inc., formerly known as Discovery Acquisition Corp., Respondents-Appellees.

United States Court of Appeals, Second Circuit.

Decided: September 3, 2003.

Attorney(s) appearing for the Case

Louis B. Kimmelman (Marissa Molé, on the brief), O'Melveny & Myers LLP, New York, NY, for Petitioners-Appellants.

James T. Shearin, Pullman & Comley, LLC, Bridgeport, CT, for Respondents-Appellees.

Before: B.D. PARKER, Jr. and RAGGI, Circuit Judges, and GOLDBERG, Judge.

B.D. PARKER, JR., Circuit Judge.

This is one of those rare cases in which a district court vacated an arbitration award because of the arbitrator's manifest disregard of the law. The arbitrator, Steven Sherrill, issued a $1,402,565 award in favor of petitioners Richard Hoeft, III and Carol J. Hoeft. The Hoefts filed a petition to confirm the award in the United States District Court for the Southern District of New York, and respondents MVL Group, Inc. and Discovery...

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