New Balance Settles South American Dispute After 1st Circuit Upholds Award

Mealey's (June 23, 2023, 4:30 PM EDT) -- BOSTON — A joint stipulation of voluntary dismissal with prejudice was filed in the First Circuit U.S. Court of Appeals by New Balance Athletics Inc., an Ecuadorian businessman and his Peruvian company shortly after the First Circuit reversed a district court’s vacatur of an approximately $3.3 million arbitration award against the businessman and his company for a distribution dispute with New Balance....