'Hijacked' Telecom's Investors Enter Brawl For $1.3B Award

Law360 (June 10, 2021, 6:20 PM EDT) -- Investors in a satellite communications service provider have chased a division of India's space agency to the Ninth Circuit in their desperate fight to save a $1.3 billion arbitral award before government officials can liquidate the company.

On Wednesday night, the Ninth Circuit granted Devas Multimedia shareholders' motion to intervene in the case against India's state-owned Antrix Corp, making them full parties entitled to the award over a canceled satellite leasing deal. Shareholders accused the Indian government of using local courts to "hijack" the company in January in order to avoid paying an International Chamber of Commerce arbitration award that was...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!