News Releases

AVR Communications, Ltd. and Sonovation, Inc. Obtain Confirmation of $4+ Million Israeli Arbitration Award

02.05.14

On Friday, January 31, U.S. District Court Judge Joan N. Ericksen granted the petition of Lindquist clients Israel-based AVR and its U.S. subsidiary Sonovation for confirmation of a $4+ million arbitration award they obtained against Minnesota-based American Hearing Systems, Inc. d/b/a Interton, Inc. The dispute arose out of a 2004 Investment Agreement between the parties, all of which produce and sell hearing aids. In 2006, AVR and Sonovation consulted Lindquist & Vennum Partner Jon Bye about starting suit in Minnesota against Interton, but after reviewing the parties’ agreement, which provided for arbitration in Israel under Israeli law, Jon recommended they instead pursue arbitration in Israel.

After 6 ½ years of arbitration and related court proceedings in Israel, including four decisions by the Israel Supreme Court, AVR and Sonovation finally obtained an award against Interton and they again contacted Jon, this time about enforcing the award in Minnesota. Bye filed a petition with the U.S. District Court to confirm the Israeli arbitration award pursuant to the Convention on Recognition and Enforcement of Foreign Arbitral Awards. Over Interton’s objection, Judge Ericksen granted that petition on January 31, 2014. Lindquist will continue to represent AVR and Sonovation in seeking to collect the judgment from Interton, which is a U.S. subsidiary of one of the largest hearing aid manufacturers, GN Resound based in Denmark.

Contact
LaFromboise, Antoine J.
Communications and Brand Manager
T 612.371.3269

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