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

ICE May Visit Your Company or University Campus – a Quick Checklist and Guidance

Lately, ICE has been more active in making arrests of undocumented individuals. Statistically howeve...

Read More >

What is the Future of Driverless Vehicles? -- Trains, Planes and Automobiles

Safety First for Automated Driving (SaFAD), a 146-page whitepaper authored by 11 companies from both...

Read More >

COVID-19: Update – New Jersey and New York Executive Orders’ Impact on Construction Projects

NEW JERSEY - Governor Murphy issued the Statewide “Stay at Home” Order, Executive Order No. 107 (E...

Read More >

Sixth Circuit clarifies how to establish a “regarded as” ADA claim and revives former employee’s suit with “smoking gun” email

The Sixth Circuit Court of Appeals recently reversed a district court’s summary judgment in favor o...

Read More >

State & Local Employment Law Developments: Q4 2019

State and local governments are increasingly regulating the workplace. Although it is not possible t...

Read More >

EU flexes its muscles on foreign-subsidised acquisitions and market distortions

On 17 June 2020, the European Commission published a White Paper seeking views on three powerful new...

Read More >