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Extract to table / memo-points-authorities-confirmation.docx
memo-points-authorities-confirmation.docx
Parties
Harkness LLP
Respondent Meridian Dynamics Inc
Solaris Chip Technologies Ltd
Payne LLP
M. Osterhaus
Strauss GmbH
Meridian Dynamics Inc
Meridian Corp
Dates
October 14, 2025
August 22, 2025
September 28, 2016
September 5, 2025
December 31, 2024
January 1, 2017
December 31, 2026
November 3, 2023
February 1, 2024
March 15, 2024
Amounts
$10,000,000
$47,300,000
$65,000,000
$41,700,000
$23,300,000
€2.14
$599.2
$312
$187
$28,000,000
Obligations
The Distribution Agreement provides that the prevailing party in any arbitration or litigation arising under the agreement shall be entitled to recover its reasonable attorneys' fees and costs from the non-prevailing party
Under Section 9 of the FAA, a court presented with a petition to confirm an arbitral award "must grant" confirmation unless it finds grounds to vacate the award under Section 10 or to modify or correct the award under Section 11
When these requirements are met, and when none of the statutory grounds for vacatur or modification apply, the court must confirm the award and enter judgment accordingly
These grounds are "extremely narrow" and must be "strictly construed
3, which provides in relevant part: Any dispute, claim, or controversy arising out of or relating to this Agreement, or the breach, termination, enforcement, interpretation, or validity thereof, including the determination of the scope or applicability of this agreement to arbitrate, shall be determined by arbitration in Los Angeles, California before a tribunal of three (3) arbitrators
shall be valid, irrevocable, and enforceable, save upon such grounds as exist at law or in equity for the revocation of any contract