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POWERSHARE, INC. v. SYNTEL, INC.

No. 09-1625.

597 F.3d 10 (2010)

POWERSHARE, INC., Plaintiff, Appellee, v. SYNTEL, INC., Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided March 1, 2010.

Attorney(s) appearing for the Case

Steven P. Perlmutter, with whom Christopher S. Feudo, Robinson & Cole LLP, Dennis M. Haffey, Stephen W. King, and Dykema Gossett PLLC were on brief, for appellant.

Paul Mark Sandler, with whom Robert B. Levin, John J. Lovejoy, Shapiro Sher Guinot & Sandler, Rory Fitzpatrick, and Cetrulo & Capone were on brief, for appellee.

Before LYNCH, Chief Judge, SOUTER, Associate Justice, and SELYA, Circuit Judge.

SELYA, Circuit Judge.

Two corporations, one based in Massachusetts, and the other in Michigan, entered into a business arrangement (the Agreement). After a falling-out, one of the contracting parties, PowerShare, Inc., commenced a civil action in the district court to enforce the Agreement. The defendant, Syntel, Inc., countered by instituting a parallel arbitration proceeding and moving to stay litigation pending arbitration. The district court denied the motion...

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