Magistrate Recommends Denying Chilean Investor’s Request To Reduce Confirmed Award

Mealey's (March 3, 2021, 12:58 PM EST) -- MIAMI — On limited remand from the 11th Circuit U.S. Court of Appeals, a Florida federal magistrate judge on March 1 recommended granting a motion to enter an amended judgment for $27.3 million against a Chilean investor and denying the investor’s request to reduce the judgment by 25 percent to account for the settlement of claims against other shareholders as outside the scope of the 11th Circuit’s mandate....