The court dismissed both an application to set aside and an appeal from an accounting arbitration under an asset purchase agreement.
The moving party argued the arbitrator exceeded jurisdiction and made manifest errors by quantifying deferred-revenue adjustments without independent expert evidence.
The court held the arbitration agreement and engagement letter authorized determination and quantification of disputed deferred-revenue items, and that the award reflected a factually grounded analysis of known costs and contingency risk allocations.
The high threshold for court intervention was not met.
