Regions Bank v. Weber
Louisiana Court of Appeal
1Opinion of the Court
| Relator, Stephen J. Schmidt, seeks our review of the trial court’s denial of his motion to stay the court litigation pending arbitration.1 After our de novo review of the ruling, we conclude that the trial court erred as a matter of law in denying the motion to stay in order that the matter could be submitted to binding arbitration. Accordingly, we grant a stay of these proceedings pending arbitration and remand the case to the district court.
I
On July 27, 2007, in a commercial transaction in New Orleans, Jourdan River Estates, LLC, borrowed $4.42 million from Regions Bank. In addition to…
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