Judge Stays Award Ordering Dissolution Of Funds, Orders $11.5M Bond Pending Appeal

( September 28, 2023, 1:57 PM EDT) -- SAN FRANCISCO — A California federal judge on Sept. 27 granted two Delaware investment entities’ motion to stay the portion of an arbitral award requiring them to dissolve two investment funds for breaching their fiduciary duty to Chinese and Hong Kong investors who had planned to invest $200 million in the funds and ordered them to post an $11.5 million supersedeas bond to stay the monetary portion of the award....