Federal Judge Confirms $9M Arbitration Award In Contract Dispute

Mealey's (February 13, 2020, 3:00 PM EST) -- SAN FRANCISCO — A federal judge in California on Jan. 31 denied a petition to vacate a $9 million arbitral award and granted a cross-petition to confirm the award, holding that the arbitrator did not exceed his authority or commit any misconduct by holding the parties to the terms of one of several contracts they entered into (China Fortune Land, et al. v. 1955 Capital Fund I GP LLC, No. 19-07043, N.D. Calif., 2020 U.S. Dist. LEXIS 18260)....