One of the former partners in the international diamond business, Julius Klein Diamonds, alleged in part that one arbitrator was biased because he had undisclosed connections to LGC Holdings and its owner, and that the arbitrator was not forthcoming about his relationship with a second arbitrator on the panel.
February 28, 2017 at 04:04 PM
1 minute read
A federal judge has confirmed an award of $142,249,910 in what he called “bitterly contested arbitration proceedings,” between former partners in the international diamond business.
Southern District Judge Jesse Furman upheld the award in favor of LGC Holdings, Inc. over Julius Klein Diamonds.
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