A federal appeals court ruled in favor of MyPillow CEO Mike Lindell on Wednesday in his bid to avoid paying $5 million to a software developer, who declared victory in Lindell’s contest to disprove his claims of foreign interference in the 2020 election.

The three-judge 8th U.S. Circuit Court of Appeals panel's unanimous decision found an arbitration panel exceeded its power by changing unambiguous contract terms to award the developer Lindell's prize.

“Fair or not, agreed-to contract terms may not be modified by the........

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