Judge Bounces $45M Tech Merger Row Back To Arbitration

Law360, Los Angeles (July 31, 2013, 4:58 PM EDT) -- A Texas federal judge Tuesday ordered an arbitration panel to further review a shareholder suit over Nuance Communications Inc.'s allegedly fraudulent conduct in a $45 million merger with Vocada Inc., saying the panel failed to address why the Vocada shareholders aren't entitled to damages. 

U.S. District Judge Jorge A. Solis granted a petition by a group of Vocada shareholders to remand the arbitration award, which contained no damages, sending the dispute back to a New York arbitration panel, but he refused to vacate the award. The...
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