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 2010). Were the Court to modify the interest rate to reflect the New York statutory rate, it would be replacing the judgment of the Arbitrator, that the interest rate should be determined by the prevailing money market conditions, with its own judgment.

Moreover, courts in this Circuit have found that a district court may not provide prejudgment interest if the Arbitrator’s award is silent on such interest. Moran v. Arcano, No. 89 Civ. 6717 (CSH), 1990 WL 113121, at *2 (S.D.N.Y. July 27, 1990) (quoting In re Gruberg, 143 A.D.2d 39, 531 N.Y.S.2d 557, 558 (1988)). Courts have also rejected motions to vacate or modify arbitration awards that have failed to provide pre-judgment interest. See Nicoletti v. E.F. Hutton & Co., Inc., 761 F.Supp. 312, 315 (S.D.N.Y. 1991) (arbitrator’s failure to provide prejudgment interest was not grounds for vacatur); ''Rosenblum v. Aetna Casualty & Sur. Co.'', 81 A.D.2d 731, 439 N.Y.S.2d 482, 483 (3d Dep’t 1981) (refusing to modify arbitrator’s award which did not include prejudgment interest). In light of such case law, the Court finds that modification of the interest rate is also unwarranted.

'''IV. CONCLUSION'''

For the reasons stated above, Petitioner’s motion to vacate the arbitration award and Respondent’s request to modify the interest rate are DENIED.

The Clerk of the Court is respectfully directed to terminate Doc. 5 and close the case.

It is SO ORDERED.