Shareholders To Intervene After Reed Smith Ordered To Share Docs In Shipping Row

( May 12, 2025, 2:33 PM EDT) -- NEW YORK — A New York federal judge on May 9 granted a motion by the shareholders of two Liberian shipping companies to intervene in litigation over whether a JAMS arbitral award in their favor worth more than $102 million was procured by fraud, shortly after the court ordered the companies’ prior law firm, Reed Smith LLP, to turn over documents to the new counsel of the companies, which Reed Smith had argued is under new ownership and no longer adverse to the award-debtor....