Weingarten Realty's $75M Loan Fight Sent To Arbitration

Law360, New York (October 12, 2012, 9:02 PM EDT) -- A Texas federal judge on Thursday ordered Weingarten Realty Investors and developer Miller Sheridan LLC to arbitrate their $75 million loan dispute, ruling both parties are bound by the American Arbitration Association's rules under their joint venture operating agreement.

U.S. District Judge Lynn H. Hughes rejected WRI's arguments that the dispute wasn't eligible for arbitration because of the size and complexity of the issue. The judge said that under the rules of the AAA, the arbitrator has the power to review jurisdiction and arbitrability, and nothing...
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