Pearcy Marine, Inc. v. Acadian Offshore Services, Inc.

ORDER OF PARTIAL DISMISSAL AND ADMINISTRATIVE STAY

KENT, District Judge.

Before the Court is Defendant’s Motion for Summary Judgment on Plaintiffs claims for sums owing on a note and for damages under Texas’ usury statutes. For the reasons stated below, the Court is of the opinion that the Motion should be GRANTED as to Plaintiffs usury claim.

Also before the Court is Defendant’s oral motion to stay these proceedings on the remaining matters before this Court pending the completion of concurrent litigation over these same issues in the United States Bankruptcy Court for the Southern District of…