Currency Corp. v. Wertheim CA2/1
In a dispute between a borrower and lender, the borrower’s assignee instituted arbitration proceedings against the lender pursuant to the terms of a June 2006 promissory note. The arbitrators awarded the assignee $672,122 on that and scores of similar notes, and the superior court confirmed the award. In a prior appeal we reversed, concluding the arbitrators exceeded their authority because the arbitration provision in the June 2006 note pertained only to that one note, and none of the other notes contained an arbitration provision. On remand the assignee sought from the trial court an order directing the arbitrators to enter an award in the assignee’s favor on the June 2006 note only. The trial court denied the motion on the ground that it no longer had jurisdiction over the dispute.
We affirm.
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