Investor Appeals $27.3M Judgment To 11th Circuit, Says Award Cannot Be Satisfied

Mealey's (May 5, 2021, 1:41 PM EDT) -- MIAMI — An investor in a Chilean winery on May 4 transmitted his notice of appeal to the 11th Circuit U.S. Court of Appeals, challenging a Florida federal court’s entry of amended final judgment for $27.3 million against him in exchange for a Chicago-based investment entity’s 7.5 million shares in the winery after filing a motion in court arguing that the entity no longer possesses “preferred shares” and therefore cannot comply with terms of an underlying arbitral award....