5th Circ. Blocks Arbitration In Developer's $75M Loan Row

Law360, New York (October 23, 2012, 2:06 PM EDT) -- A principal of developer Miller Sheridan LLC suffered a blow Monday when the Fifth Circuit affirmed a lower court's decision denying a bid to compel arbitration in a $75 million project loan dispute with real estate investment trust Weingarten Realty Investors.

Miller Sheridan CEO Stewart A. Miller, who had signed a limited guaranty for the loan, was again denied his motion for arbitration because the guaranty was not listed as a loan document and therefore bars him from an arbitration clause built into the loan, according...
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