Magistrate Confirms $3M Award Despite Indian Company’s Failure To Return Equipment

(July 28, 2023, 1:24 PM EDT) -- FORT WORTH, Texas — A Texas federal magistrate judge on July 27 granted an Indian company’s petition to confirm an arbitral award worth more than $3 million plus more than $300,000 in interest against a Texas company after finding that, despite the Indian company’s failure to return its industrial equipment, the Texas company waived its defenses by failing to participate in arbitration....