Magistrate Judge: IMAX’s Petition To Vacate Arbitration Awards Should Be Denied

Mealey's (October 11, 2019, 3:04 PM EDT) -- MIAMI — A Florida federal magistrate judge on Sept. 27 recommended that IMAX Corp.’s petition to vacate a partial final award establishing that IMAX reached a settlement with its third-party seller and a final award ordering IMAX to pay $971,525.38 to the third-party seller in arbitration costs should be denied because the petition is without merit (IMAX Corp. v. Giencourt Investments, S.A., No. 17-62033, S.D. Fla., 2019 U.S. Dist. LEXIS 168828)....