Trustees Of The New York City District Council Of Carpenters Pension Fund v…
Trustees Of The New York City District Council Of Carpenters Pension Fund, Welfare Fund, Annuity Fund, and Apprenticeship, Journeyman Retraining, Educational and Industry Fund v. North East Foundations LLC
- Jesse Furman
- 1:22-cv-06492
- U.S. District Court · Southern District of New York
- 2
In Trustees v. North East Foundations, Judge Furman confirmed the entire arbitration award and awarded fees, costs, and 5.25% prejudgment interest.
The petitioning trustees and related funds obtained confirmation of the entire arbitration award against North East Foundations LLC, along with attorneys’ fees, costs, and 5.25% prejudgment interest.
What happened
Trustees of the New York City District Council of Carpenters funds and related entities asked the court to confirm an arbitration award against North East Foundations LLC. North East did not oppose the petition or seek relief from the award.
The court reviewed the petition and supporting materials even though North East did not respond. It treated the petition like a motion for summary judgment and found no genuine factual dispute preventing confirmation. The court also found no valid ground under the Federal Arbitration Act to set aside the award.
Judge Jesse M. Furman granted the petition to confirm the entire award. He also awarded the petitioners their attorneys’ fees and costs and prejudgment interest at 5.25%, and directed them to file a proposed judgment with the interest calculation.
The detailed version
- Trustees Of The New York City District Council Of Carpenters Pension Fund v… · No. 1:22-cv-06492
- Jesse Furman
- Sept. 6, 2022
Background
On August 1, 2022, the petitioners filed a petition asking the court to confirm an arbitration award. The petitioners served North East Foundations LLC with the petition, supporting materials, and the court’s briefing schedule. North East’s opposition was due by August 26, 2022, but it neither responded nor sought relief from the award.
Court’s analysis
The court explained that an unopposed petition to confirm an arbitration award must still be reviewed. The court treated the petition as similar to a motion for summary judgment based on the petitioners’ submissions. It found that there was no genuine issue of material fact preventing summary judgment as to any part of the award. The court also concluded that the arbitrator’s decision had more than a minimally adequate justification and that no ground under Section 10(a) of the Federal Arbitration Act supported vacating the award.
The court further found that the petitioners had shown that their attorneys’ fees, billing rates, hours, and litigation costs were reasonable and necessary. It granted the request for prejudgment interest at a rate of 5.25 percent.
Disposition
Judge Jesse M. Furman granted the petitioners’ unopposed petition to confirm the entire arbitration award. The court also awarded attorneys’ fees and costs and prejudgment interest at 5.25 percent. The petitioners were directed to re-file their proposed judgment electronically by September 9, 2022, including a calculation of prejudgment interest.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.
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