Law360, New York (August 26, 2011, 6:41 PM ET) -- A Texas state appeals court on Thursday again found that PRSI Trading Co. LP had waived its rights to arbitration in its dispute with subsidiaries of Transcor Astra Group over $25.5 million in loans PRSI used to operate a Texas oil refinery.
PSRI has asked for a rehearing from the appeals court, which in May affirmed a lower court's ruling that PSRI could not compel arbitration in the dispute because the company had already waived that right.
The court overruled the motion for rehearing, withdrew its...
No Arbitration Rights For PRSI In Loan Case: Texas Court
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