Investors Urges 3rd Circuit To Rehear 60M Euro Moroccan Hotel Row

( October 22, 2024, 1:54 PM EDT) -- SAN FRANCISCO — A joint venture and its partner petitioned the Third Circuit U.S. Court of Appeals for panel or en banc rehearing in a dispute with a hotel owner seeking to enforce an arbitral award against them for more than 60 million euros, asserting that the split panel’s reversal of a lower court’s grant of summary judgment improperly applied alter ego standards to the suit....