Former Valerus Exec Must Arbitrate Stock Redemption Suit

Law360, Houston (November 21, 2013, 4:06 PM EST) -- A Texas appeals court said Thursday that a former Valerus Compression Services LP executive must arbitrate his claim that he is being unfairly deprived of his stock in the company because of a noncompete agreement he signed.

The First District Court of Appeals ruled that a trial court should not have denied Valerus' demand to arbitrate former Chief Financial Officer William Austin’s suit against the oilfield services company for forcibly redeeming his stock, because a separation agreement he signed when he left the company did not...
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