X
05Aug

€643 Million Arbitration Award Was Within Arbitration Panel’s Power to Award and Not a Result of Manifest Disregard of the Law

Carlton Fields | | Return|
Precision Castparts Corp. purchased companies with manufacturing facilities in the United States and Germany for €800 million. After the sale closed, Precision discovered that the seller had “manipulated financial documents of the acquired companies to show that they were ‘high margin’ and ‘high cash flow’ businesses. In fact, the acquired companies were ‘functionally insolvent.'”...
By: Carlton Fields
Source Url: https://www.jdsupra.com/legalnews/eur643-million-arbitration-award-was-18328/

Related

Small Claims? Low Recovery? Big Fees!

Seyfarth Synopsis: The Second Circuit held that attorneys’ fee awards in FLSA settlements are not l...

Read More >

Franchisor had no Duty to Protect Franchisee’s Employee From Sexual Harassment, Court Finds

Franchisors should review their franchise agreements and practices to ensure they do not retain or e...

Read More >

Colorado Becomes 13th State to Pass “Ban the Box” Legislation

On May 28, 2019, Colorado governor Jared Polis signed into law the Colorado Chance to Compete Act (H...

Read More >

I will never understand a TPA asset based fee

I’m stubborn and there are just some things I don’t understand, so hear me out. I got a call not ...

Read More >

Employment News: protected conversations, working time, investigations

It's no secret – protected conversation potentially admissible - The EAT decided in Harrison v Ary...

Read More >

2020 Benefit Limits

The Internal Revenue Service and Social Security Administration have announced the benefit plan and ...

Read More >