Petition of the day

The petition of the day is:

Issue: (1) Whether, when the Federal Arbitration Act (“FAA”) governs an arbitration, the FAA’s judicial review standards apply in state court and preempt application of different state-law judicial-review standards; and (2) whether, when arbitrators have jurisdiction to resolve a contract dispute, the FAA prohibits a court from holding that they “exceeded their powers” based on the court’s conclusion that their contract interpretation is “plainly” and “irrationally” incorrect on the merits.