Judge Finds Fraud In Shipping Arbitration, Vacates Award And Issues Sanctions

( January 15, 2026, 1:27 PM EST) -- NEW YORK — A New York federal judge vacated a JAMS arbitral award worth more than $102 million after finding the original award-creditors “purposefully presented false testimony at the arbitration” regarding a dispositive issue in the dispute, issued sanctions against them for failure to comply with discovery orders and ordered them to pay attorney fees, saying their former law firm “crossed” a “line” in the arbitration without finding it “complicit in its clients’ perjury.”...