Prada Asks U.S. Court to Enforce Award of Alligator Hatchlings

Prada wants its alligator hatchlings. The Italian luxury brand, which uses exotic skins such as crocodile and ostrich leather to make accessories including bags and briefcases, told a Florida federal court to enforce an arbitration award it had won in January against Caporicci USA Corp., an alligator skins supplier in Miami. An Italian arbitration panel had ordered Caporicci to reimburse Prada more than $633,000 and to hand over 3,761 roughly year-old alligator hatchlings after a purchase agreement for 15,000 alligator eggs soured in the execution. Now Prada and Caporicci are battling in federal court in Florida about what comes next. Caporicci wants the Florida federal court to hit pause on confirming that award while it hashes things out with the two other parties — an alligator farm and an Italian tanning company — in its Florida lawsuit against them and Prada. Meanwhile, Prada argued in a court filing on Friday that the award in its favor should be confirmed immediately, and that Caporicci missed its chance during the arbitration to address its other outstanding claims.   “Caporicci’s failure to assert its claims in the arbitration, after being ordered to do so, does not revive a right to pursue them in this

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