Defense Contractor Avoids Arbitration In $67M Default Row

Law360, Philadelphia (April 18, 2013, 7:17 PM EDT) -- A Pennsylvania federal judge ruled Wednesday that it was premature to send to arbitration a lawsuit accusing security contractor SOC-SMG Inc. of refusing to pay its share of a defaulted $67 million loan it took out with its partner, Day & Zimmermann Group Inc., to fund a joint venture.

U.S. District Court Judge Legrome Davis said that the record in the case, in which Day & Zimmermann accused SOC-SMG of failing to pay its share of a defaulted loan taken out to fund a joint venture...
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