Fifth Circuit: Rainier DSC 1, L.L.C., et al v. Rainier Capital Mg

Arbitration, FRCP, securities


A stay of the litigation pending compulsory arbitration is at the discretion of the court, and where the legal issues are distinct from those being arbitrated, although both arise from the same transaction or series of transactions, the proceedings may continue, simultaneous with the arbitration.

No genuine issue of material fact as to whether a partnership was created by estoppel in securities
memorandum, given that there was no evidence that the relevant parties were aware of the statements.

Rainier DSC 1, L.L.C., et al v. Rainier Capital Mg