LGC USA Holdings Inc. v. Julius Klein Diamonds, LLC et al
||LGC USA Holdings Inc.
||Julius Klein Diamonds, LLC, Julius Klein Group Holdings, LLC, Julius Klein Diamonds, Inc., Klein Tenancy, KLG Jewelry LLC, Sunrise Venture LLC, Martin Klein, Moishe Klein, Malka Klein and Abraham David Klein
||July 5, 2016
||US District Court for the Southern District of New York
||Foley Square Office
||Jesse M. Furman
|Nature of Suit:
|Cause of Action:
||9 U.S.C. § 9
|Jury Demanded By:
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|February 28, 2017
OPINION AND ORDER; For the reasons stated above, LGC's petition to confirm the arbitration award is GRANTED, and the Kleins' motions to remand the state case, to dismiss the federal case, and to vacate the award are DENIED. To reac h that result is not to say that the conduct of the arbitrators (or the parties) in this case was exemplary. As noted above, for example, the Kleins' allegations regarding Bronner-with respect to his criminal conviction, his relationships wi th LGC and its appointed arbitrator, and his less-than-entirely forthcoming disclosures about it all-are troubling, and the Court might well not have reached the same conclusions if it were deciding the matter de novo or in the first instance. In light of the substantial deference owed to the arbitrators, the Kleins' own conduct throughout the arbitration proceedings, and the lack of cognizable evidence supporting vacatur, however, the award must be confirmed. (As further set forth in this Opinion and Order.) (Signed by Judge Jesse M. Furman on 2/16/2017) (mro)
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