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PE Fund Still Saddled With $2.25M Arbitral Award

Law360 (April 24, 2019, 4:47 PM EDT) -- A Florida federal judge on Tuesday upheld a $2.25 million arbitration award against an affiliate of a Delaware-based private equity fund related to its $70 million sale of a Jamaican fuel distributor, ruling that the affiliate failed to prove that an arbitrator in the case was conflicted.

In granting Barbados-based Rubis Caribbean Holdings Inc.'s motion to confirm the award, U.S. District Judge James Lawrence King ruled that arbitrator Luis E. Graham's role in another, unrelated case would not lead a reasonable person to believe there was a conflict of interest.

Judge King also rejected claims by BE TAG Holdings Ltd., a...

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Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Florida Southern

Nature of Suit

Other Statutes: Arbitration


Subscribers Only

Date Filed

November 24, 2015

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