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12-2966 - Stemcor USA Inc v. Cia Siderurgica do Para Cosipar et al


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12-2966 - Stemcor USA Inc v. Cia Siderurgica do Para Cosipar et al
July 30, 2013
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ORDER AND REASONS granting in part and denying in part 79 Motion to approve certain vessel expenses as custodia legis; granting 129 Motion to approve surveyors' expenses as expenses in custodia legis; denying 141 Motion to Vacate ; denying 175 Motion to Stay. Signed by Judge Helen G. Berrigan on 07/30/2013. (Reference: Both Cases)(kac, )
August 4, 2016
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ORDER granting 436 Motion to Vacate Attachments for Lack of Jurisdiction and to Transfer the Pig Iron Sale Proceeds to the Jefferson Parish 24th District Court. The Court ORDERS the proceeds of the pig iron sale transferred from the registry of this Court to the registry for the 24th JDC for Jefferson Parish. In light of this ruling, all plaintiffs' and intervening plaintiffs' claims to entitlement of the proceeds of the pig iron sale are DISMISSED AS MOOT. The only claims that potentially remain in this suit are Stemcor's and Daewoos' claims for remedies under the Convention and its implementing legislation. Based on the parties' briefs and the proposed pre-trial order, both parties have completed arbitration against defendants, thus rendering their request for an order compelling arbitration moot. Although all arbitrations occurred a significant time ago, neither Stemcor nor Daewoo has moved this Court for confirmation of any arbitral award. Accordingly, the Court will enter judgment DISMISSING Stemcor's and Daewoo's claims under the Convention.. Signed by Judge Sarah S. Vance on 8/4/16. (Reference: ALL CASES) (NEF: Financial)(jjs)