A little over a year before Hugo Chávez came to power in Venezuela, Huntington Ingalls Incorporated (“Huntington Ingalls,” formerly known both as Northrop Grumman Ship Systems, Inc. and as Ingalls Shipbuilding, Inc.), entered into a $315 million dollar contract with the Ministry of Defense of the Republic of Venezuela (the “Ministry”) to repair two Venezuelan Navy warships at Huntington Ingalls’s shipyard in Mississippi. The agreement contained a mandatory arbitration provision, designating Caracas, Venezuela as the exclusive arbitral forum. Years later, a substantial disagreement arose over cost overruns. The Ministry refused to pay for certain work, and Huntington Ingalls filed suit in the Southern District of Mississippi seeking damages and to compel arbitration……
Read the complete story here.
This article was first published on the Securities Arbitration Alert blog, here. A U.S. District Court judge, after issuing an order to compel arbitration, learned he had a conflict of...
By Harry JacobowitzThis article first appeared on McDermott Will & Emery’s IP Update, here. The US Court of Appeals for the Federal Circuit found that a license agreement between two parties required...
By Ralph E. GaskinsIntroduction and Unanswered Questions Airplane cargo loaders and ramp supervisors are now able to bring a claim for overtime pay in court, rather than being forced into arbitration. In...
By Brittany Munn