Builder's $37M Award Stands In Loan Dispute: 9th Circ.

Law360, New York (April 6, 2012, 2:17 PM EDT) -- The Ninth Circuit on Thursday refused to rehear an appeal from Meritage Homes of Nevada Inc. regarding a $36.8 million arbitration award granted to builder Focus South Group LLC in a dispute over the repayment of a loan for the construction of a massive $1.6 billion residential development in Henderson, Nev.

The circuit court panel denied Meritage's motion for rehearing of its appeal of the court's Nov. 2, 2010, order granting Focus South a $36.8 million arbitration award related to a dispute over the construction and...
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