Musighi

FACTS AND PROCEDURAL BACKGROUND

I. Facts

A. The brothers’ business In the early 1980s, brothers Isaac and Daniel joined forces in the diamond wholesale business and created the company Pacific M. International Corp. (PMI). Isaac was the self- proclaimed “rainmaker,” while Daniel handled the finances and

Because the brothers share similar surnames and because their party designations changed throughout the proceedings, we use their first names for sake of clarity; we mean no disrespect.

2 customer service. Over time, however, the brothers’ relationship deteriorated, and they ultimately decided in 2013 to part ways. B. Dissolution of PMI 1. Initial arbitration To facilitate the dissolution of PMI, the brothers approached a senior member of the Diamond Club West Coast Inc., a professional organization for diamond merchants to which Isaac belongs, to arbitrate the terms of the dissolution. PMI’s accountant was later added as a co-arbitrator. From 2013 to 2016, Isaac and Daniel signed three agreements to be “legally bound” to the decision of the arbitrators. Isaac also acknowledged no less than three times that the arbitration would be “binding”; Isaac even…