5th Circ. Denies Stay In $75M Real Estate Loan Fight

Law360, New York (November 2, 2011, 5:35 PM EDT) -- The Fifth Circuit on Tuesday affirmed a Texas federal court's decision not to stay a suit against developer Miller Sheridan LLC pending its appeal of the court's refusal to compel Weingarten Realty Investors to arbitrate a dispute over a $75 million loan.

In a published ruling, the Fifth Circuit determined that a federal court decision on Miller's appeal would not determine the merits of the entire case, making a stay unnecessary.

While the case revolves around the question of which party has correctly interpreted the terms...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.