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GRA V LLC petitioners-appellants v. Srinivasan, respondents-respondents
Developer Lacked Common-Law Vested Right To Continue Project Despite Inaccurate Map'Public Policy' Limits on Punitive Damage Clauses
State laws vary as to whether and by what means arbitrators can be given or denied the power to award punitive damages. In some states, arbitration clauses that proscribe punitive damage awards may be unenforceable. Attorneys Samuel Estreicher and Steven C. Bennett discuss potential state public policy limitations on the ability of parties to grant or deny power to arbitrators to award punitive damages in the arbitration of contract disputes, and suggest some drafting solutions to such limitations.Cite as: Naldi v. Grunberg, 60070/08, NYLJ 1202472925508, at *1 (App. Div. 1st, Decided October 5, 2010)Before: Peter Tom, J.P., Richard T. Andrias, David Fried
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