New York Federal Judge Confirms $3M ICDR Arbitration Award For GE

Mealey's (January 16, 2018, 1:33 PM EST) -- NEW YORK — A New York federal judge on Jan. 12 granted a petition filed by General Electric Co. to confirm a $3,051,817.22 arbitral award issued against Japanese entities in relation to their failure to defend and indemnify GE pursuant to the terms of a manufacturing contract for appliances (General Electric Company v. Sampo Corporation, et al., No. 16-CV-2456, S.D. N.Y., 2018 U.S. Dist. LEXIS 6017)....