Judge Orders German Entities To Pay Award Of 643M Euros In Contract Dispute

Mealey's (July 27, 2020, 11:43 AM EDT) -- NEW YORK — A federal judge in New York on July 21 entered final judgment ordering a group of German business entities to pay more than 643 million euros to an Oregon metals manufacturer and a German company in a previously confirmed arbitral award that found the entities liable for fraudulent inducement and breach of contract pertaining to the sale of manufacturing facilities that were later revealed to be financially insolvent (Precision Castparts Corp., et al. v. Schulz Holding GMBH & Co. KG, et al., No. 20-3029, S.D. N.Y.)....