An international digital security company won a $45.8 million arbitration award, including $3.04 million in attorney fees, against a consortium of U.S. retailers that includes Wal-Mart.
Confirmation of the award is pending in state court in Dallas. But the consortium has objected to award, arguing it should be vacated because the three-member arbitration panel exceeded its authority.
The consortium has also objected to the attorney fees, arguing that no statutory basis exists in Texas law upon which the digital security company, Amsterdam-based Gemalto, could obtain attorney fees. Nor did the two sides include in their agreement to arbitrate any preset conditions for fees, the consortium argued.
