Judge Enters $2.8M Judgment In Japan Energy Row After Debtor Withdraws Opposition

( March 10, 2025, 4:39 PM EDT) -- NEW YORK — A New York federal judge confirmed an arbitral award and entered judgment worth more than $2.8 million against a Japanese energy company for failure to return collateral to a U.S. company after the Japanese company terminated its counsel and withdrew opposition to the petition, and also granted in part the petitioner’s application for attorney fees but awarded roughly $78,000 less than the petitioner sought after finding its hourly rates “unreasonably high.”...