By  on June 15, 2009

The firm that bought the Little Switzerland chain from Tiffany & Co. has taken the jeweler to court, alleging it overcharged on the deal and accusing a third-party arbitrator of having a conflict of interest.

NXP Corp. acquired the Caribbean jewelry business in 2007 through its Oakland, Mich.-based assignee Dhirim Inc. for a target price of $54.7 million, according to a lawsuit filed June 11 in U.S. District Court in Manhattan.

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