Private Equity Firm Must Pay Arbitration Award: Court

Law360, New York (November 8, 2007, 12:00 AM EST) -- A district court has weighed in on a squabble between a private equity fund and a business owner over a $204,000 arbitration award, denying the fund's bid to toss the decision.

Judge Henry H. Kennedy of the U.S. District Court for the District of Columbia ruled on Nov. 7 that Williams Fund Private Equity Group must pay $204,758.42 to David Engel, as mandated by an earlier arbitration decision.

The dispute arose from a 2005 stock purchase, in which Williams Fund bought Engel's shares in Engel Corporation....
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