United States Eighth Circuit

In a dispute over the value of former executive vice president's stock in Enterprise Rent-A-Car, an order confirming an arbitration award of about $20.7 million against its parent company is affirmed where: 1) the AAA's resolution of the company's challenge to an arbitrator's appointment did not present a basis for vacatur of the arbitration award; 2) a particular paragraph of the agreement at issue did not deprive arbitrators of authority to determine the purchase price of plaintiff's shares; 3) the award did not exceed the scope of the submission; and 4) the arbitrators acted within the scope of their authority in reaching their conclusion and in setting the price of the stock.

Appellate Information

• Decided 10/06/2008
• Published 10/06/2008

Judges

Court

• United States Eighth Circuit

Counsel