1st Circuit Reverses Vacatur Of $3.3M Award In New Balance Peruvian Dispute

Mealey's (April 10, 2023, 1:47 PM EDT) -- BOSTON — The First Circuit U.S. Court of Appeals reversed a district court’s ruling granting an Ecuadorian businessman and his Peruvian company’s petition to vacate an approximately $3.3 million arbitration award against them in favor of New Balance Athletics Inc., writing that the lower court erred by finding that the parties seeking vacatur were not bound by the arbitration agreement....