Judge Vacates Attachment Of EFTs, Confirms $3.75M London Arbitration Award

Judge Vacates Attachment Of EFTs, Confirms $3.75M London Arbitration Award

NEW YORK - A New York federal judge on March 26 confirmed a $3.75 million arbitration award for a shipping company after a foreign corporation failed to respond to the company's complaint and motion for confirmation, but the judge vacated an order of maritime attachment and garnishment based on electronic fund transfers (EFTs) (Adrian Shipholding Inc., et al. v. Lawndale Group S.A., No. 08-11124, S.D. N.Y.; 2010 U.S. Dist. LEXIS 30240). Full story on lexis.com

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