Mosco Holding, LLC v. Danco Holding, LLC

CourtDistrict Court, S.D. New York
DecidedApril 2, 2024
Docket1:23-cv-08825
StatusUnknown

This text of Mosco Holding, LLC v. Danco Holding, LLC (Mosco Holding, LLC v. Danco Holding, LLC) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mosco Holding, LLC v. Danco Holding, LLC, (S.D.N.Y. 2024).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK MOSCO HOLDING, LLC, et al., Petitioners, 23 Civ. 8825 (DEH)

v. OPINION AND ORDER DANCO HOLDING, LLC, et al., Respondents. DALE E. HO, United States District Judge: In this action, Petitioners Mosco Holding, LLC and 48th Street Holding, LLC move for confirmation of an arbitral award issued on September 12, 2023 (the “Final Award”). Respondents Danco Holding, LLC and Amco Holding, LLC cross-move to vacate the Final Award. For the following reasons, Petitioners’ motion is GRANTED, Respondents’ motion is DENIED, and the Final Award is CONFIRMED. BACKGROUND Petitioners and Respondents formerly owned a thirty-unit residential apartment building on West 48th Street in Manhattan as tenants-in-common. See Final Award 1-2, ECF No. 1-3. Pursuant to their tenancy-in-common agreement, any disputes between the owners are to be determined through binding arbitration. See id. at 2. Petitioners initiated arbitration on February 27, 2022, alleging that Respondents failed to make required capital contributions and seeking partition and sale of the building. See id. On August 10, 2022, the arbitrator issued an interim order and decision that allowed Petitioners to partition and sell the building, with proceeds from the sale to be held in escrow and disbursed after an accounting. See id. at 5. The building was sold on April 25, 2023, and, following deductions for a mortgage loan balance and various fees, the net sale proceeds totaled $3,678,510.00. See id. at 6. On June 5, 6, and 7, 2023, the arbitrator held hearings regarding the amounts of the sale proceeds owed to Petitioners and Respondents. See id. at 7. At the hearing, six witnesses testified, and 140 exhibits were admitted into evidence. See id. On September 12, 2023, the arbitrator issued the Final Award, determining that Respondents were entitled to $508,860.00 of the sale proceeds, minus amounts for arbitration fees and Petitioners’ attorneys’ fees. See id. at 25-26. The arbitrator also found that $602,786.00 should be delivered to a pooled bank account

from which certain operating expenses were paid prior to sale. See id. at 26. Finally, the arbitrator awarded statutory interest to Petitioners at the rate of 9%, running from the date of the Final Award, with any interest that accrued to be deduced from Respondents’ share of the proceeds. See id. On September 14, 2023, Petitioners initiated this action in state court, seeking confirmation of the Final Award. See Verified Pet. to Confirm Arbitration Award, ECF No. 1-1. On October 6, 2023, Respondents removed this action to federal court. See Notice of Removal, ECF No. 1. On November 16, 2023, Respondents cross-moved to vacate the Final Award. See Resp’ts’ Cross-Mot. to Vacate Arbitration Award, ECF No. 9.

LEGAL STANDARDS Confirmation of an arbitration proceeding is “a summary proceeding that merely makes what is already a final arbitration award a judgment of the court.” Commodities & Mins. Enter. Ltd. v. CVG Ferrominera Orinoco, C.A., 49 F.4th 802, 809 (2d Cir. 2022).1 “The review of arbitration awards is very limited in order to avoid undermining the twin goals of arbitration, namely, settling disputes efficiently and avoiding long and expensive litigation.” Beijing

1 In all quotations from cases, internal quotation marks, brackets, citations, ellipses, footnotes, and emphases are omitted unless otherwise indicated. Shougang Mining Inv. Co. v. Mongolia, 11 F.4th 144, 160 (2d Cir. 2021). “[A]rbitration panel determinations are generally accorded great deference under the Federal Arbitration Act [(“FAA”)].” Kolel Beth Yechiel Mechil of Tartikov, Inc. v. YLL Irrevocable Tr., 729 F.3d 99, 103 (2d Cir. 2013) (describing a district court’s role as “narrowly limited”). “Because the FAA establishes a strong presumption in favor of enforcing an arbitration award, . . . an award is presumed valid unless proved otherwise.” Smarter Tools Inc. v. Chongqing SENCI Imp. & Exp.

Trade Co., 57 F.4th 372, 382 (2d Cir. 2023). “The FAA provides a streamlined process for a party seeking a judicial decree confirming an award, an order vacating it, or an order modifying or correcting it.” Seneca Nation of Indians v. New York, 988 F.3d 618, 625 (2d Cir. 2021). Under this process, the Court must confirm an arbitration award “unless the award is vacated, modified, or corrected as prescribed in sections 10 and 11.” 9 U.S.C. § 9. Section 10(a) of the FAA sets forth the narrow grounds for vacating an arbitration award. See 9 U.S.C. § 10(a)(1)-(4). As is relevant here, a court may vacate an arbitral award “where there was evident partiality or corruption in the arbitrators,” id. § 10(a)(2), and “where the arbitrators were guilty of misconduct . . . in refusing to hear evidence pertinent and material to the controversy; or of any other misbehavior by which

the rights of any party have been prejudiced,” id. § 10(a)(3). DISCUSSION Respondents move for vacatur of the Final Award, arguing in substance that Petitioners failed to adequately produce documents in discovery related to the building’s expenses. Respondents argue that this alleged discovery failure only came to light at the arbitral hearing and, in response, the arbitrator failed to take adequate corrective measures or sanction Petitioners for their conduct. Respondents argue this constitutes misconduct and demonstrates evident partiality. These arguments fail. Because there is no basis to vacate the Final Award, it is confirmed. A. Refusal to Hear Evidence First, Respondents argue that the Final Award must be vacated under § 10(a)(3). “Arbitrators have substantial discretion to admit or exclude evidence.” Kolel Beth Yechiel Mechil of Tartikov, Inc., 729 F.3d at 107. “Courts have interpreted section 10(a)(3) to mean that

except where fundamental fairness is violated, arbitration determinations will not be opened up to evidentiary review.” Tempo Shain Corp. v. Bertek, Inc., 120 F.3d 16, 20 (2d Cir. 1997). “[A]lthough not required to hear all the evidence proffered by a party, an arbitrator must give each of the parties to the dispute an adequate opportunity to present its evidence and argument.” Id. “To demonstrate arbitral misconduct, the challenging party must show that his right to be heard has been grossly and totally blocked, and that this exclusion of evidence prejudiced him.” Fid. Brokerage Servs. LLC v. Deutsch, No. 17 Civ. 5778, 2018 WL 2947972, at *6 (S.D.N.Y. May 31, 2018), aff’d, 763 F. App’x 104 (2d Cir. 2019). In the arbitration, Respondents argued that Petitioners overstated the property’s expenses, and sought discovery into third-party records of the property’s expenses to support this

argument. See Resp’ts’ Mem. in Supp. of Cross-Mot. to Vacate 4, ECF No. 9-1. Although Respondents were provided some physical records relevant to the expenses, they allegedly discovered at the arbitration hearing that Petitioners failed to produce responsive electronic documents and additional responsive physical documents that were in their control. See id. at 5. Respondents then moved for a mistrial and sanctions, which the arbitrator rejected. See id. In the Final Award, the arbitrator found that Respondents had had constructive notice regarding the alleged discovery deficiencies, making their objection to Petitioners’ productions untimely. See Final Award 13 n.4 (“Respondents had ample opportunity prior to trial to complain about any discovery deficiencies . . . .

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