http://www.bmpllp.com/publications/...cating-modifying-correcting-arbitration-award
Grounds for Vacating an Arbitration Award Under the Federal Arbitration Act
Section 10(a) of the FAA provides four grounds for vacating an arbitration award. These grounds are as follows:
1) Where the award was procured by corruption, fraud, or undue means;
2) Where there was
evident partiality or corruption in the arbitrators, or either of them;
3) Where the arbitrators are guilty of misconduct in refusing to postpone the hearing, upon sufficient cause shown, or refusing to hear evidence pertinent and material to the controversy; or of a
ny other behavior by which the rights of any party have been prejudiced; and
4) Where the arbitrators
exceed their powers, or so imperfectly executed them that a mutual, final, and definitive award upon the subject matter submitted was not made.
The Fifth Circuit has also recognized several judicially created exceptions to the enforcement of an arbitration award. Vacating an award is proper when: (1) the award is contrary to public policy; (2) the award is
arbitrary and capricious; (3) the award fails to draw its essence from the underlying contract; or (4) the award displays manifest disregard of the law.
---
In the first section, #2, #3, #4 seem clear. #1 is probably true, but isn't easily proved
In the first section, #2 is clear
The "acting against the FAA" angle is one which seems pretty airtight, but IANAL, and I don't know precedents in this area.