Mattel
On November 10, 2017, the "Wall Street Journal" reported that Hasbro, Inc. had made a takeover offer for Mattel, Inc. At the time, Mattel worth was $5 billion, while Hasbro was about $11 billion. On November 15, 2017, Reuters reported that Mattel rejected the offer.
Hall Street Associates, L.L.C. v. Mattel, Inc.
Toy manufacturer Mattel was sued by its landlord Hall Street Associates in a dispute over a property lease, the property being a former View-Master factory in Beaverton, Oregon. After the litigation went to federal court, both parties agreed to resolve the case by arbitration according to the procedures outlined in the Federal Arbitration Act (FAA). Atypically, the parties' arbitration agreement stipulated that the District Court could override the arbitrator's decision if "the arbitrator's conclusions of law are erroneous." That provision of the agreement granted the federal courts a much broader role in supervising the arbitration than is specifically granted in the Act, which explicitly mentions only a narrow set of circumstances under which courts can override an arbitration award, such as corruption, partiality, or misbehavior on the part of the arbitrator.