$46M
Breach of Contract, Arbitration
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Case Details
Asked Dallas judge to affirm a $46 million arbitration award against Merchant Customer Exchange LLC (MCX) for wrongful termination of contract with Gemalto NV.
Additional Notes
Arbitration panel awarded Gemalto $42.8 million plus $3 million in attorney's fees. MCX sought to vacate the award. Case: Merchant Customer Exchange LLC v. Gemalto Inc., No. DC-16-03893.