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An arbitrator has awarded just over $30 million to a Pennsylvania company that claimed the lenders and shareholders of a Texas company it purchased in 2000 misrepresented its financial situation, according to James Smith of Blank Rome, who represented the Pennsylvania concern. Arbitration in the matter took 35 days over the course of two years. "This was not a settlement that we reached here," said Smith. "This was a hotly contested trial."
January 05, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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