Black Diamond Asks 2nd Circ. To Restore Reduced Award

By Shayna Posses (April 24, 2019, 4:39 PM EDT) -- Asset management firm Black Diamond is asking the Second Circuit to overturn a New York federal court's decision to vacate a $37 million arbitral award relating to the distribution of a bankrupt borrower's assets after the judge found the arbitrators acted in "manifest disregard" of the law....

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