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Article: Arbitral Tribunal Finds for Immtech.
- Article from:
- PR Newswire
- Article date:
- June 12, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VERNON HILLS, Ill., June 12 /PRNewswire-FirstCall/ -- Immtech Pharmaceuticals, Inc. announced today that on June 9, 2006 the International Court of Arbitration of the International Chamber of Commerce notified the parties of a decision by the Arbitral Tribunal in Immtech's arbitration against Neurochem, Inc. and Neurochem International, Inc. ("Neurochem"). The Arbitral Tribunal awarded Immtech approximately $1.9 million in damages and attorneys' fees and costs, stating that Immtech was "the only party to prevail on any of its claims" and that "Neurochem prevailed on none of its counterclaims." The Arbitral Tribunal also found that Neurochem committed numerous breaches ...
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