Case Conclusion Date:February 18, 1997
Outcome:Judgment for the plaintiffs: $12,087,631.36
Description:The developers of a successful software program brought an arbitration proceeding against a major software company in connection with a royalty dispute involving the underreporting of revenues from the sale of licenses and maintenance of the software program. The arbitration resulted in a substantial award in favor of the developers and the recovery of their rights to the software. The arbitration award was confirmed and the order and judgement confirming the award was affirmed on appeal.