California Court of Appeal Vacates Arbitral Award Due to Unresolved Factual Question Regarding Petitioners’ Legal Standing to Pursue Corporation’s Claims

In NNN Capital Fund I, LLC v. Mikles, Case No. G064487, 2026 WL 1029889 (Cal. App. 4th Dist., Div. 3, Apr. 16, 2026), a divided panel of the California Court of Appeal, Fourth Appellate District (Sanchez, J.), vacated a $21 million judgment confirming an arbitral award on the ground that the legal standing of the parties who initiated the underlying action and pursued the arbitration remained an unresolved factual question, one the Court held was a jurisdictional question that could be raised... By: Sheppard, Mullin, Richter & Hampton LLP