Acorda Therapeutics Inc v Alkermes PLC - United States Court of Appeals for the Second Circuit No 25-1896 - Summary Order - 15 July 2026
Country
Year
2026
Summary
Appeal from a judgment of the United States District Court for the Southern District of New York (Naomi Reice Buchwald, Judge).
UPON DUE CONSIDERATION, IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that the August 7, 2023 judgment of the district court is AFFIRMED.
Acorda Therapeutics, Inc. ("Acorda") appeals the district court's judgment denying its petition to vacate or modify an arbitral award. While that award puts $16.5 million in Acorda's pocket - compelling Alkermes PLC ("Alkermes") to pay that sum in restitution - Acorda contends that it should have received an additional $65 million, and that the district court thus erred in confirming the award without modifying it. We assume the parties' familiarity with the underlying facts, procedural history, and issues on appeal, to which we refer only as needed to explain our decision.
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