A unanimous victory for the Alternate Dispute Resolution Practice Area. After five days of hearings, a panel of three arbitrators unanimously found in favor of MOVA Laboratories, Inc. in an arbitration proceeding conducted under the rules of the American Arbitration Association. The arbitration followed an unsuccessful mediation attempt to solve a breach of contract claim made by BIA Pharmaceuticals, Inc. against MOVA for the latter's alleged failure to continue developing a patented ibuprofen solution. MOVA decided to halt its development efforts, as well as the Food and Drug Administration approval process, after it discovered that a third party had title over the ibuprofen solution patents that BIA purportedly had licensed to MOVA. Attorneys from the firm's Alternate Dispute Resolution Practice Area successfully defended MOVA when they showed that the License Agreement was null and void and, therefore, MOVA did not breach any contractual obligation when it discontinued the ibuprofen project.
Banco Popular v. González Padín - Coordinated, on behalf of financial institution, liquidation of retail chain stores with the participation of other creditors, debtor, and guarantors. Creditors were repaid a greater percentage of their respective credits had a formal court proceeding had been filed for this purpose.
