Home Jurisdiction New Balance sees $ 1 million prize waived in fight with distributor

New Balance sees $ 1 million prize waived in fight with distributor



By Caroline Simson (September 29, 2021, 9:17 p.m. EDT) – An arbitrator was wrong to rule that he had jurisdiction over the majority shareholder of the Peruvian distributor of New Balance since the man never signed the agreement under Underlying with the shoemaker, a Massachusetts judge ruled, releasing more than a million dollars in awards after the deal turned south.

U.S. District Judge Allison D. Burroughs concluded on Monday that Rodrigo Ribadeneira and Superdeporte Plus Peru SAC – the alleged successor to Peruvian Sporting Goods SAC, which had signed the distribution agreement with New Balance – were not subject to the arbitration agreement in this pact.

The judge rejected New Balance’s arguments that …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!




Please enter your comment!
Please enter your name here