05Aug
€643 Million Arbitration Award Was Within Arbitration Panel’s Power to Award and Not a Result of Manifest Disregard of the Law
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
Related
On October 11, 2019, the United States Court of Appeals for the Second Circuit affirmed a decision b...
Read More >
It’s 2019 and one area that the Department of Labor (DOL) could help both the retirement plan indus...
Read More >
As the coronavirus/COVID-19 pandemic continues to spread and the governmental and private sectors fo...
Read More >
Il Decreto Legge 26 ottobre 2019, n. 124 (cosiddetto «Decreto Fiscale») – convertito, con modificaz...
Read More >
On June 8, 2020, Level 10 Construction, LP (“Level 10”), a construction company hired by Sea World...
Read More >
2019 California Legislative Update For Employers - It’s been a busy session for the California Le...
Read More >