Atlas Technology Group LLC v Oto Analytics LLC (fka Oto Analytics Inc and dba Womply) - The Court of Chancery of the State of Delaware Case No 2023-0900 - Petition to Confirm Arbitration Award - 1 September 2023
Country
Year
2023
Summary
...
12. On August 1, 2022, Plaintiff filed a demand for arbitration with the American Arbitration Association.
13. The arbitration hearing was conducted on April 3, 2023 and April 4, 2023 at the offices of the American Arbitration Association in San Francisco, California.
14. The arbitrator issued an Interim Award in this matter on July 10, 2023.
...
17. The Final Award issued in favor of Plaintiff Atlas Technology Group, LLC and against Defendant Oto Analytics, LLC along with their respective successors and assigns, the following:
a. Claimant Atlas Technology Group, LLC is awarded $27,174,614.43 in damages against Respondent Oto Analytics, LLC (fka Oto Analytics, Inc.), along with their respective successors and assigns;
b. Claimant Atlas Technology Group, LLC is awarded interest against Respondent Oto Analytics, LLC (fka Oto Analytics, Inc.), along with their respective successors and assigns in the amount of $3,521,904.48 through August 11, 2023 and for each day thereafter at the daily rate of $7,817.35 per day based on effective interest rate of 10.5% that the arbitrator determined was applicable at the time of the Final Award;
c. Claimant Atlas Technology Group, LLC is awarded attorneys' fees in the amount of $4,130,539.69 and costs in the amount of $39,700.39 against Respondent Oto Analytics, LLC (fka Oto Analytics, Inc.), along with their respective successors and assigns.1
...