AmTrust Group: Arbitrator Awards $1.1 Million to AmTrust, Karfunkels; Rejects Claims of Frank Brown.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 19, 2003 An arbitrator has awarded more than $1.1 million to AmTrust Western Insurance Group Inc. (AWIG), a company controlled by Michael and George Karfunkel, in settlement of a claim originally brought by Frank James Alexander Franklin James (January 10, 1843 – February 18, 1915) was an American outlaw and older brother of Jesse James. [1] Childhood He was born in Kearney, Clay County, Missouri to Baptist minister Reverend Robert Sallee James (July 7, 1818 – Brown involving the acquisition by AWIG of several agencies formerly owned by Brown. The award included the cancellation of a promissory note promissory note, unconditional written promise to pay a certain sum of money at a definite time to bearer or to a specified person on his order. Promissory notes are generally used as evidence of debt. for $800,000 that was issued to Brown's firm as part of the purchase price, and ordered Brown to pay $335,000 in damages resulting from his conduct involving the acquisition. The arbitrator dismissed all of Brown's counterclaims that he originally asserted in his Texas lawsuit. "This award represents full vindication of AmTrust and the Karfunkels, who entered into the transaction in complete good faith," said Jay J. Miller, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of counsel for AmTrust. AmTrust had accused Brown of fraud and unfair dealing in connection with the 1998 acquisition. The arbitration concluded in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. last February, and judgment on the award is to be entered in the New York Supreme Court For the highest appellate court in New York, see . The Supreme Court of the State of New York is New York State's highest trial court, and is of general jurisdiction. There is a supreme court in each of New York State's 62 counties, although some of the smaller counties share . |
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