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CPR MANAGEMENT, S.A. v. DEVON PARK BIOVENTURES

Nos. 20-2343, 20-2344.

19 F.4th 236 (2021)

CPR MANAGEMENT, S.A., v. DEVON PARK BIOVENTURES, L.P.; Devon Park Associates, L.P., Appellants in 20-2344 Deutsche Bank A.G., Appellant in 2343.

United States Court of Appeals, Third Circuit.

Filed: November 22, 2021.

Attorney(s) appearing for the Case

K. Tyler O'Connell , Morris James, 500 Delaware Avenue, Suite 1500, Wilmington, DE 19801, Michael E. Gehring [ARGUED], Stephen G. Harvey , Steve Harvey Law, 1880 John F. Kennedy Boulevard, Suite 1715, Philadelphia, PA 19103, Counsel for Plaintiff-Appellee.

James M. Yoch, Jr. , Young Conaway Stargatt & Taylor, 1000 North King Street, Rodney Square, Wilmington, DE 19801, Quincy M. Crawford, III [ARGUED], Kevin C. Maclay , Nathaniel R. Miller , Todd E. Phillips , Caplin & Drysdale, One Thomas Circle, N.W., Suite 1100, Washington, DC 20005, Counsel for Defendants-Appellees.

Forrest R. Hansen , Robert M. Palumbos [ARGUED], Duane Morris, 30 South 17th Street, Philadelphia, PA 19103, David G. Januszewski , Cahill Gordon & Reindel, 32 Old Slip, New York, NY 10005, Counsel for Third Party-Appellant.

Before: SHWARTZ, NYGAARD, and FISHER, Circuit Judges.

OPINION

CPR Management, S.A. ("CPR") and Deutsche Bank A.G. ("Deutsche Bank") both claim entitlement to the proceeds emanating from a $50 million partnership interest (the "Proceeds") in Devon Park Bioventures, L.P. (the "Devon Park Interest"). An arbitrator directed Devon...

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