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In this arbitration, MMM+B represented a
technology firm in a dispute arising from the alleged
breach of a restrictive covenant in a joint venture
with a major reinsurance intermediary firm. The
joint venture marketed and implemented software
utilizing artificial intelligence to identify claims
for insurance companies to submit to reinsurance
carriers under applicable policies. The dispute
involved complaints filed in both State and Federal
Court seeking injunctive relief and damages. The
matter was subsequently presented to the American
Arbitration Association for resolution. After extensive
discovery and within a few weeks of the final
hearing on the merits, the matter was settled. |
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