New Balance Will Ask 1st Circuit To Review Vacatur Of $3.3M Award

Mealey's (October 15, 2021, 12:36 PM EDT) -- BOSTON — New Balance Athletics Inc. on Oct. 13 filed notice in a Massachusetts federal court that it will appeal the court’s ruling granting an Ecuadorian businessman and his Peruvian company’s petition to vacate an approximately $3.3 million arbitration award they were ordered to pay New Balance for a contract dispute despite being nonsignatories to the underlying arbitration agreement....