The facts are adequately stated in the memorandum of our dissenting brother. Our disagreement with him flows from two facts: first, the arbitrator was aware of the subordination agreement. To insure that the award did not affect the rights of the parties sought to be protected thereby he directed that payments to be made on account of principal be limited to "an amount equal to Thirty Five Percent (35%) of BENMOR'S after-tax net income of the prior calendar year" ...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.