Washington Panel: Arbitrator’s Lost Profits For Franchisee Exceeded Authority

(August 30, 2021, 8:12 AM EDT) -- SEATTLE — A trial court’s order confirming an arbitration award of damages for a Pump It Up franchisee due to lost profits was reversed because the arbitrator exceeded his authority when he relied on New York case law to reclassify lost profits as actual damages even though the lessor and franchisee agreed to resolve disputes under Washington law, a Washington appellate court held Aug. 16, remanding for the trial court to vacate the order and order a rehearing....

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