By Caroline Simson (September 29, 2021, 9:17 p.m. EDT) – An arbitrator was wrong to rule that he had jurisdiction over the majority shareholder of the Peruvian distributor of New Balance since the man never signed the agreement under Underlying with the shoemaker, a Massachusetts judge ruled, releasing more than a million dollars in awards after the deal turned south.
U.S. District Judge Allison D. Burroughs concluded on Monday that Rodrigo Ribadeneira and Superdeporte Plus Peru SAC – the alleged successor to Peruvian Sporting Goods SAC, which had signed the distribution agreement with New Balance – were not subject to the arbitration agreement in this pact.
The judge rejected New Balance’s arguments that …
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