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IN THE MATTER OF GRAND AND MERCER STREET CORPORATION v. EISENBERG

5 A.D.3d 116 (2004)

773 N.Y.S.2d 347

In the Matter of GRAND AND MERCER STREET CORPORATION et al., Respondents, v. STEPHANIE EISENBERG et al., Appellants.

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

March 2, 2004.

The arbitrators did not exceed their authority by voiding a shareholders agreement that authorized them to decide any controversy or claim arising out of or relating to it, and then, in effect, writing a new shareholders agreement for the parties (see Matter of Silverman [Benmor Coats], 61 N.Y.2d 299, 307-308 [1984]; Integrated Sales v Maxell Corp., 94 A.D.2d 221, 225 [1983]). Such remedy...

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