March 16, 2026
A federal magistrate judge has declined to pause discovery pending arbitration in an Illinois-based community bank's litigation seeking to determine the proper owner of $7 million it's holding in escrow for a Bulgarian natural gas construction project, saying he is not convinced a stay is warranted.
November 26, 2024
A Bulgarian contractor has asked an Illinois federal court not to pause a local bank's litigation seeking to determine the proper owner of $7 million it's holding in escrow related to a dispute over a natural gas construction project, saying a parallel arbitration proceeding is irrelevant.