Law360, New York (November 10, 2015, 3:41 PM EST) -- The trustee for a bankrupt sports management company told a Florida federal judge Monday that a $3 million dispute over prebankruptcy transfers of Major League Baseball players' agency contracts does not belong in arbitration, since the trustee is standing in for creditors who never agreed to an arbitration pact.
Soneet Kapila, the Chapter 7 trustee for Jaime Torres Sports Management Inc., said that U.S. Bankruptcy Judge Robert A. Mark correctly refused to compel arbitration in his adversary case, which claims that baseball agent Jaime Torres fraudulently stripped JTSM of its revenue sources and transferred those assets to separate entities.
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