Circuit Upholds $6.1M Award Over Licensing Dispute

Law360, New York (July 13, 2007, 12:00 AM EDT) -- An appellate court has let stand a $6.1 million arbitration award granted to DataQuick Information Systems Inc. in a dispute over a licensing agreement for real estate lending software.

The U.S. Court of Appeals for the Fourth Circuit on Thursday affirmed a district court decision which denied Three S Delaware Inc.'s motion to vacate the 2005 arbitration award.

3S had claimed that the arbitrator, lawyer James W. Constable, issued the award against the essence of the licensing agreement and with disregard to relevant state laws. However,...
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