Arbitration Award Confirmed; Panel Did Not Disregard Law, N.Y. Federal Judge Says
(April 21, 2016, 1:45 PM EDT) -- NEW YORK — A New York federal judge on April 19 confirmed a $6.3 million arbitration award after determining that an arbitration panel did not disregard the law by awarding damages to the defendant and did not deny the plaintiff fundamental fairness by refusing to consider evidence during the arbitration proceeding (Inficon Inc. v. Verionix Inc., n/k/a Kitech Ventures Inc., No. 15-8044, S.D. N.Y.; 2016 U.S. Dist. LEXIS 52708).
(Opinion available. Document #05-160426-034Z.)
Inficon filed a complaint in the U.S. District Court for the Southern District...