IMPALA PLATINUM HOLDINGS LIMITED et al v. A-1 SPECIALIZED SERVICES AND SUPPLIES, INC.
| IMPALA PLATINUM HOLDINGS LIMITED and IMPALA REFINING SERVICES LIMITED |
| A-1 SPECIALIZED SERVICES AND SUPPLIES, INC. |
| 2:2013cv02930 |
| May 28, 2013 |
| US District Court for the Eastern District of Pennsylvania |
| Philadelphia Office |
| Outside the U.S. |
| MICHAEL M. BAYLSON |
| Contract: Other |
| 28 U.S.C. ยง 1332 Diversity-Other Contract |
| None |
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Filing
79
MEMORANDUM AND ORDER THAT PLAINTIFFS' MOTION TO LIFT STAY, CONFIRM FINAL ARBITRATION AWARD, AND ENTER JUDGMENT IN CONFORMITY WITH FINAL ARBITRATION AWARD [ECF 42] IS GRANTED. IT IS FURTHER ORDERED THAT THE STAY OF PROCEEDINGS EFFECTED BY THIS CO URT'S 1/9/14 CONSENT ORDER IS HEREBY LIFTED. THE FINAL AWARD ENTERED BY THE LONDON COURT OF ARBITRATION ("LCIA"), LCIA NO. 142657, DATED 12/9/15, IS CONFIRMED. IN ACCORDANCE WITH THE TERMS OF THE AWARD, FINAL JUDGMENT IS HEREBY ENTERED IN FAVOR OF PLAINTIFFS IMPALA PLATINUM HOLDINGS LIMITED AND IMPALA REFINING SERVICES LIMITED (COLLECTIVELY, "IMPALA") AND AGAINST DEFENDANT A-1 SPECIALIZED SERVICES AND SUPPLIES, INC. ("A-1"), AS FOLLOWS: A. A-1 IS ORDERED TO PAY IMPALA DAMAGES IN THE AMOUNT OF $189,668,037.20. B. A-1 IS FURTHER ORDERED TO PAY IMPALA PRE-AWARD INTEREST IN THE AMOUNT OF $9,699,000, AS CALCULATED AND AGREED UPON BY IMPALA AND A-1. C. A-1 IS FURTHER ORDERED TO PAY IMPALA POST-JUDGMENT INTEREST IN THE AMOUNT OF $10,392.77 PER DAY, RUNNING FROM 12/10/15, FOR EACH DAY THAT THE AWARD REMAINS OUTSTANDING. D. A-1 IS FURTHER ORDERED TO PAY IMPALA THE AMOUNT OF $172,229 (THE U.S. DOLLAR EQUIVALENT, AS OF 12/9/15, OF THE GBP 115 ,021.38 AWARDED BY THE ARBITRATION PANEL), REPRESENTING THE REGISTRATION FEE AND ADVANCES PAID BY IMPALA ON ACCOUNT OF THE ARBITRATION COSTS OF THE PROCEEDINGS BEFORE THE LCIA. E. A-1 IS FURTHER ORDERED TO PAY IMPALA THE AMOUNT OF $1,844,064.62, BEING THE WHOLE OF IMPALA'S LEGAL AND OTHER COSTS INCURRED IN THE ARBITRATION PROCEEDING BEFORE THE LCIA. 4. DEFENDANT'S MOTION TO VACATE THE ARBITRATION AWARD [ECF 46] IS DENIED. 5. DEFENDANT'S MOTION FOR LEAVE TO FILE CORRECT EXHIBI T AND SUPPLEMENT RECORD IN SUPPORT OF MOTION TO VACATE [ECF 63] IS GRANTED, IN LIGHT OF PLAINTIFFS' NON-OPPOSITION. SIGNED BY HONORABLE MICHAEL M. BAYLSON ON 4/26/16. 4/26/16 ENTERED AND COPIES MAILED, E-MAILED. COPY FORWARDED TO ARBITRATION.(fdc) Modified on 4/26/16 (fdc).
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