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1:13-cv-03135
A New York federal judge agreed Tuesday to allow a South Korean technology company to take over India-based Ybrant Digital's interest in the search engine and web portal Lycos Inc. to help pay $37 million in arbitral awards issued over a failed stock purchase agreement.
A South Korean technology company has asked a New York federal judge to force the transfer of stock certificates held by India-based Ybrant Digital in Lycos Internet Ltd., saying Thursday that Ybrant has refused to comply with court orders to pay an arbitration award of more than $30 million.