Supreme Court Denies Review of Options Case Arbitration

The U.S. Supreme Court declined to review a lower court's ruling that an arbitration award in a stock option case was warranted (Coleman Co. v. Brown, U.S. No. 00-1051, cert denied, 2/26/01). An appeals court had agreed with American Arbitration Association's rules that allow an arbitrator to reject the specific terms of a contract if enforcing the contract would violate other court holdings concerning granting equitable relief. An employee argued that the court did not have this authority; the Supreme Court declined to review the case.