Judge Vacates Award Issued Against Nonsignatories For Peruvian Contract Dispute

Mealey's (September 28, 2021, 1:01 PM EDT) -- BOSTON — A Massachusetts federal judge on Sept. 27 granted 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 Athletics Inc. for a contract dispute, finding that New Balance failed to establish why the petitioners as nonsignatories to the arbitration agreement should be bound by the award....