Bergheim v. Sirona Dental Systems, Inc.

SUMMARY ORDER

Sirona Dental Systems, Inc., 'and Arges Imaging Inc. (“Sirona”) appeal from a judgment confirming an arbitral award of damages for Sirona’s breach of a May 5, 2011 merger agreement (the “Agreement”) with Petitioners, the former shareholders of Arges Imaging Inc. Sirona argues that the district court should have vacated the award because the arbitrator (1) disregarded the plain terms of the Agreement in concluding that Petitioners were entitled to recover a $3 million bonus (the “Accuracy Earn-Out Provision”) based on the proven accuracy of Apollo, their dental-imaging product;…