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Leviev Judgment Against Klein Put Off

Both parties agreed to the delay in light of new discussions

Lev Leviev–owned LGC has agreed to delay enforcement of its $142 million arbitration judgment against Julius Klein Group until March 28 in light of new discussions.

“Given continuing discussions between the parties, it is mutually agreed that it is in the parties’ interest to extend the period of time staying execution,” said a stipulation and order signed by U.S. district judge Jesse M. Furman on March 9. Both parties agreed to the order.

After May 13, either party may agree to terminate the stipulation, Furman said.