Texas Court Revives $125M Award In Power Plant Dispute

Law360, Dallas (August 21, 2012, 6:00 PM EDT) -- A Texas appellate court on Monday reinstated a $125 million arbitration award to Ponderosa Pine Energy LLC from a breach of contract dispute over the purchase of a power plant, finding accusations that an arbitrator was biased toward the company weren’t enough to vacate the award.

The Fifth Court of Appeals held that a trial judge wrongly vacated the award because arbitrator Samuel A. Stern had properly disclosed his relationships with Nixon Peabody LLP attorneys who represented Ponderosa, and Tenaska Energy Inc., which sold the plant...
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