State of Michigan in the Circuit Court for the Country of Wayne
Ptere Karamanous, JR.,
Plaintiff,
v
COMPUWARE CORPORATION
Defendant.
Consolidated with
COMPUWARE CORPORATION,
Plaintiff
v
PETER KARAMANOS, JR.,
Defendant.
Case No. 13-014776-CK
Hon. Daniel P. Ryan
13-014776-CK
FILED IN MY OFFICE WAYNE COUNTY CLERK
5/11/2015 2:32:09 PM CATHY M. GARRETT
/s/ Michelle Howard
Case No. 15-003350-CB
Hon. Daniel P. Ryan
OPINION AND ORDER RE: MOTION TO VACATE OR MODIFY ARBITRATION AWARD and TO CONFIRM THE ARBITRATOR’S FINAL AWARD AND ENTER JUDGEMENT
At a session of Court
Held in Detroit, Michigan
5/11/2015
This matter comes before the Court on Defendant, Compuware Coproation’s (Compuware) Motion to Vacate or Modify Arbitration Award. Plaintiff, Peter Karamonos, Jr., (Karamanos) counters with a Motion to Confirm the Arbitrator’s Final Award and Enter Judgment. The Court having considered the motions, responses, and replies finds the folllowing:
As indicated in the caption, there are two cases pending before the Court. The first action was filed by Karamanos in 2013 following Karamanos’ dismissal from Compuware in September 2013. Karamanos presented three claims in his suit: breach of contract, conversion, Esshaki. Critically, the parties agreed, altough presently complain, that Mr. Essaki would issue an arbitration award with findings of facts, in part, to maintain the confidentiality of the proceedings. The award was issued on February 25, 2015. The award proves that:
The undersigned Awards to Claimant, PETER J. KARAMANOS, JR., and against
Respondent, COMPUWARE CORPORATION, the total amount of$16,500,000,
inclusive of all interest costs and legal fees incurred. All other claims, demands and
defenses are hereby specifically DENIED.