Friday, August 29, 2008
Internal Competition Information
We have posted a sign-up sheet for the Internal Competition on the google group site: here. Please sign yourself up. If you have a teammate, please sign him or her up as well. If you don't, that is not a problem. We will pair any singles when we distribute the Internal Competition problem.
Friday, August 22, 2008
ABA Competition Opportunity
The NYSBA Dispute Resolution Section's First Meeting is coming up
The Dispute Resolution Section's First Fall Meeting and CLE Program -- Exploring Established Techniques, Challenges, and New Directions in Arbitration and Mediation
SJU DRS Orientation Next Wednesday!
We will host a brief orientation next week. Please join us to learn more about this year's internal and external competitions as well as other opportunities.
Wednesday, August 27th at 3:30 pm in Room 1-15.
We look forward to seeing you there.
Sunday, August 17, 2008
Hall Street Associates, LLC v. Mattel, Inc.
After three years of litigation, the parties in Hall Street agreed to arbitrate their remaining claim. The district court approved the parties’ agreement, which provided for entry of judgment on any arbitration award, but required the court to vacate, modify, or correct the award if the arbitrator’s findings of fact were not supported by substantial evidence, or if the arbitrator’s conclusions of law were erroneous.
When the arbitrator ruled against the plaintiff based on an apparent error of law, the plaintiff moved the district court to vacate the award.The Supreme Court ruled that vacatur was not available in this case. The Court held that the narrow grounds set forth in sections 10 and 11 of the FAA were the exclusive grounds for vacatur, modification, and correction and that the parties’ agreement improperly tried to expand upon those grounds.
The Court opined that the FAA should be seen as “substantiating a national policy favoring arbitration with just the limited review needed to maintain arbitration’s essential virtue of resolving disputes straightaway.”“Any other reading opens the door to the full-bore legal and evidentiary appeals that can render informal arbitration merely a prelude to a more cumbersome and time-consuming judicial review process,” the Court reasoned.
“The decision recognizes that the sine qua non of arbitration is speed, efficiency, and cost-savings,” says Neal M. Eiseman, New York, cochair of the Arbitration Subcommittee of the Section of Litigation Alternative Dispute Resolution Committee. “The business decision whether to litigate or arbitrate is an either-or proposition; arbitration should not be an opportunity to combine the two,” Eisman says. “To be blunt, parties who arbitrate have agreed to abide by the arbitrator’s legal decision, thereby assuming the competence (or incompetence) of their arbitrators.”
Join The NYSBA!
Another great resource for law students is the website NYLawyer. I subscribe to the daily email service which provides the latest on what is happening at NY's biggest firms, recent decisions and other interesting stuff.
Tuesday, August 12, 2008
Litigating vs Settling
I have some theories on why this might be the case:
1. As the article indicates, lawyers have an incentive to try to collect fees that are contingent on winning in court or to bill for all the hours required to prepare and go to trial.
2. Defendants may be willing to offer a premium to plaintiffs in order to avoid trial. Defending oneself in a public forum might lead to embarrassment, mistakes and further litigation or an extended proceeding, which may eventually result in a settlement anyway.
3. Plaintiffs who perceive they have been wronged may attach too high a value to their right to sue.
Here is the article: http://www.nytimes.com/2008/08/08/business/08law.html?em
Monday, August 11, 2008
New Chair for the ABA's Section of Dispute Resolution
Professor Love is the director of the Kukin Program for Conflict Resolution at Cardozo and a well-known figure within New York's ADR community.
Photos and the school's official write-up are here.
Peter and I caught up with friends we'd made at past law student competitions and got some good tips on what to expect at the Willem C. Vis International Commercial Arbitration Moot. http://www.cisg.law.pace.edu/vis.html
Many thanks to Cardozo for hosting us and we send our congratulations to Professor Love.