According to the Associated Press, an arbitrator has ruled in favor of the NFL in the bounty case:
An arbitrator ruled Monday that NFL Commissioner Roger Goodell has the authority to discipline New Orleans Saints players for their role in a bounty system. The NFL Players Association challenged Goodell's power to impose penalties for what the league says was a three-year bounty program that targeted specific players. Stephen Burbank, a University of Pennsylvania law professor, took only five days to determine that Goodell has the power to punish the players under the collective bargaining agreement reached last August to end the lockout.
This is a blow to the suspended players, including Cleveland Browns linebacker Scott Fujita, who is still scheduled to serve a three-game suspension. With that said, the NFLPA does not plan on giving up, as they will appeal Burbank's decision:
And the players' union later Monday said it will appeal Burbank's decision because it believes salary cap violations are involved in the payment. That would give Burbank the authority to rule on penalizing any players involved.