Petition of the day
on Jul 29, 2016 at 11:23 pm
The petition of the day is:
Issue: (1) Whether, when the Federal Arbitration Act (“FAA”) governs an arbitration, the FAA’s judicial review standards apply in state court and preempt application of different state-law judicial-review standards; and (2) whether, when arbitrators have jurisdiction to resolve a contract dispute, the FAA prohibits a court from holding that they “exceeded their powers” based on the court’s conclusion that their contract interpretation is “plainly” and “irrationally” incorrect on the merits.