MEMORANDUM OPINION
ELLIS, District Judge.
I. Introduction
This case grows out of a dispute between a carrier and a union over whether the carrier may unilaterally offer a lump-sum severance payment to senior employees represented by the union. This dispute was submitted to an arbitrator, who ruled in the union's favor. Presented here is the question whether the arbitrator has the power to preclude such unilateral offers based solely on his...
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