Agco Corporation v. Anglin

A farm equipment dealership, Silver Lake Farm Service, Inc., and its owners appeal from a district court order denying their motion to vacate an arbitration award and confirming an award for the farm equipment manufacturer AGCO. This appeal presents the question whether the arbitrators acted with the authority conferred upon them by the parties agreement, or instead decided issues beyond those which the parties had agreed to submit to arbitration. Concluding that the arbitrators exceeded their authority, we reverse.