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Arbitration

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  • US port employers seek mediation in dockworker talks Monday, 22 Dec 2014 | 9:20 PM ET
    A longshoreman walks on bags of rice in a cargo ship at the Port of West Sacramento in California

    Shipping lines and terminal operators at 29 U.S. West Coast ports requested federal mediation on Monday in their contract talks with the union for 20,000 dockworkers.

  • LOS ANGELES, Dec 22- Shipping lines and terminal operators at 29 U.S. West Coast ports requested federal mediation on Monday in their contract talks with the union for 20,000 dockworkers, saying the two sides remain far from a deal after seven months of negotiations. The International Longshore and Warehouse Union has so far resisted previous calls by the...

  • DUBAI/ LONDON, Dec 15- Dana Gas, one of the largest investors in Iraq's Kurdistan, said on Monday the semi-autonomous region had failed to pay $100 million as instructed by a London arbitration court, prompting Dana to ask the court to enforce the order. The case is part of much bigger "multi-billion dollar" claims that the Pearl consortium, led by Dana, brought against...

  • CARACAS, Dec 2- The World Bank's international arbitration panel will not decide this year whether to take up Venezuela's request for a revision of an award that ordered it to pay Exxon Mobil Corp in compensation for oil projects nationalized in 2007, a lawyer for the country told Reuters on Tuesday. The International Center for Settlement of Investment...

  • Nov 19- A Houston- based wealth management firm must pay more than $3.8 million to a group of 19 ExxonMobil retirees who said the company mismanaged their investments and misled them about its trading strategy, according to a securities arbitration ruling. The ruling by a panel of three Financial Industry Regulatory Authority arbitrators found USCA Capital...

  • The decision by the U.S. Court of Appeals for the District of Columbia Circuit is likely to end a long battle about public access to documents related to SEC oversight of the Financial Industry Regulatory Authority's arbitration system. The SEC oversees and examines FINRA. At issue was whether an exemption to the Freedom of Information Act should allow the SEC...

  • The SEC oversees and examines FINRA, which is a private organization. At issue was whether an exemption to the Freedom of Information Act should allow the SEC to keep certain records about arbitration under seal. In 2010, the SEC claimed such an exemption in turning down a request by the Public Investors Arbitration Bar Association a group of lawyers whose...

  • MOSCOW, Nov 14- A Russian court extended the house arrest of Vladimir Yevtushenkov, chairman of the Sistema business conglomerate, on Friday for four months. Yevtushenkov, one of Russia's richest men, was placed under house arrest on suspicion of money laundering related to Sistema's acquisition of Bashneft, an oil producer. In October, Moscow's Arbitration...

  • TORONTO, Nov 3- The union that represents workers along the St. Lawrence Seaway has agreed to take a contract dispute to arbitration, avoiding a strike that would have shut the waterway linking the Great Lakes and the Atlantic Ocean. Some 460 Unifor members work for the not-for-profit St. Lawrence Seaway Management Corp..

  • MOSCOW, Oct 30- Russia won court approval on Thursday to seize shares held by a billionaire businessman's company in oil producer Bashneft over its "improper privatisation", marking a success for the latest state move to reclaim prized corporate assets. Moscow's Arbitration Court ruled in favour of prosecutors who said Bashneft was unlawfully sold to local...

  • MOSCOW, Oct 30- Russia moved to seize shares in Bashneft from a billionaire businessman on Thursday over what a court said was the oil producer's "improper privatisation", deepening investors' fears that the Kremlin wants to reclaim prized assets. Moscow's Arbitration Court ruled in favour of prosecutors, who argued that Bashneft was unlawfully privatised in...

  • Oct 28- A federal judge on Tuesday ordered mediation in a lawsuit over a suspected design flaw in highway guardrails made by Trinity Industries Inc, which resulted last week in a $175 million jury verdict against the company. District Judge Rodney Gilstrap in Marshall, Texas ordered Trinity and the whistleblower who brought the case to attend mediation with...

  • Oct 28- In a rare move, a securities arbitration panel sided with a broker who alleged UBS AG had hurt his business model and team, although the broker also has to return bonus money. The Financial Industry Regulatory Authority panel ordered UBS to pay Maryland broker Gary Padussis $933,000 in damages. However, it also ordered him to pay $1.7 million to the firm to...

  • More Brokers Seek to Buff Smudges Out of Records Tuesday, 11 Jun 2013 | 1:04 PM ET
    Seth Lipner, a lawyer who represents investors in cases against brokers, at Deutsch & Lipner in Garden City, N.Y.

    As investors rely increasingly on Finra’s database to vet Wall Street professionals, some brokers and executives are trying to remove complaints.