OPINION AND ORDER re:25 MOTION for Summary Judgmen

OPINION AND ORDER re:25 MOTION for Summary Judgment /Cross Motion filed by Generex Biotechnology Corp.,17 MOTION for Summary Judgment filed by Three Brothers Trading, LLC,15 MOTION to Vacate Arbitration /Respondent's Cross-Petition To Vacate, Modify And Or Remand The Arbitration Award filed by Generex Biotechnology Corp. For the foregoing reasons, AEXG's motion and Generex's cross-motion for summary judgment are each DENIED. Generex's motion to vacate, modify, or remand is GRANTED to the extent it sought remand of the arbitration award to the Arbitrator for clarification. The Clerk of Court is directed to terminate the motions at docket entries 15, 17, and 25. The case shall remain stayed pending receipt of clarification from the Arbitrator. The parties are ORDERED to submit a joint letter within two weeks of any substantive decision of the Arbitrator. (Signed by Judge Katherine Polk Failla on 7/31/2019) (mro)

Looks like the $3.6M they wanted is over, however the arbitrator may decide a lower amount is appropriate.

Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.