in Re: Structured Capital Resources Corporation

CourtCourt of Appeals of Texas
DecidedOctober 24, 2007
Docket12-06-00413-CV
StatusPublished

This text of in Re: Structured Capital Resources Corporation (in Re: Structured Capital Resources Corporation) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
in Re: Structured Capital Resources Corporation, (Tex. Ct. App. 2007).

Opinion

                                NO. 12-06-00355-CV

IN THE COURT OF APPEALS

TWELFTH COURT OF APPEALS DISTRICT

TYLER, TEXAS

STRUCTURED CAPITAL  

RESOURCES CORPORATION,    §          APPEAL FROM THE 349TH

APPELLANT

V.        §          JUDICIAL DISTRICT COURT OF

ARCTIC COLD

STORAGE, LLC AND

MICKEY COX,          §          ANDERSON COUNTY, TEXAS

APPELLEES

NO. 12-06-00413-CV

§         

IN RE: STRUCTURED CAPITAL

RESOURCES CORPORATION,    §          ORIGINAL PROCEEDING

RELATOR


OPINION

            Structured Capital Resources Corporation (SCR) seeks relief from the trial court’s order denying arbitration of its contract dispute with Arctic Cold Storage, LLC and Mickey Cox (collectively ACS).  SCR has sought relief by petition for writ of mandamus based on the Federal Arbitration Act (FAA) and by interlocutory appeal based on the Texas Arbitration Act.  We consolidate the two proceedings.  Because the FAA is applicable and SCR did not waive its right to arbitration, we conditionally grant mandamus relief.  We dismiss the interlocutory appeal for want of jurisdiction.


Background


            On September 8, 2005, the parties entered into an agreement by which SCR, Global Positioning Standards LLC (GPS), and Parkway Financial were to arrange financing for ACS for a six percent placement fee.  The contract provides for arbitration of disputes arising out of the agreement.  On March 30, 2006, ACS closed on a loan for approximately $5,500,000.00, which SCR arranged pursuant to that agreement.  At the insistence of the lender at closing, ACS deposited $330,000.00 for SCR’s fee in escrow with the title company.  However, ACS refused to pay SCR the full six percent required by the agreement, offering instead a $50,000.00 settlement.  SCR filed its original petition and application for temporary restraining order on April 11, 2006, alleging breach of contract and requesting the court prevent ACS from removing the funds from escrow.  The trial court granted SCR’s request for emergency relief.  Nonetheless, ACS transferred approximately $240,000.00 of the money out of escrow.  SCR then asked the trial court for a temporary injunction ordering ACS to tender the money into the registry of the court.  The trial court granted that request on May 8, 2006.

            ACS filed a counterclaim against SCR and a third party petition against Everette Hull, president of SCR.  Trial was set for September 5, 2006.  However, on August 2, GPS filed a plea in intervention claiming that ACS breached the loan brokerage agreement with GPS.  ACS counterclaimed against GPS.  At the request of GPS, the trial date was postponed to October 2, 2006.  On August 24, 2006, the parties attended mediation.  Mediation was not successful.  On September 5, SCR moved to abate the proceedings, requesting the trial court order arbitration.  The trial court denied the motion to abate on September 22, 2006.  SCR filed both a petition for writ of mandamus and an interlocutory appeal in this court complaining of the trial court’s action.

Jurisdiction

            By statute, the denial of a motion to compel arbitration under the Texas Arbitration Act is appealable.  See Tex. Civ. Prac. & Rem. Code Ann. § 171.098 (Vernon 2005); In re Valero Energy Corp., 968 S.W.2d 916, 916 (Tex. 1998) (orig. proceeding).  However, mandamus is appropriate when a state court erroneously denies a motion to compel arbitration under the federal scheme.  In re Valero Energy Corp., 968 S.W.2d at 916.  At oral argument, the parties agreed that the Federal Arbitration Act controls in this case.  Therefore, we dismiss SCR’s interlocutory appeal, our number 12-06-00355-CV, for want of jurisdiction and consider only the petition for writ of mandamus.

Standard of Review

            Mandamus is proper to correct a clear abuse of discretion when there is no adequate remedy by appeal, as when a party is erroneously denied its contracted for arbitration rights under the FAA.  In re D. Wilson Constr. Co., 196 S.W.3d 774, 780 (Tex. 2006) (orig. proceeding).  A clear abuse of discretion occurs when the trial court errs in analyzing or applying the law to the facts or when the trial court has but one reasonable decision and does not make that decision.  Walker v. Packer, 827 S.W.2d 833, 840 (Tex. 1992) (orig. proceeding).

Denial of Motion to Abate for Arbitration

            In its sole issue, SCR contends the trial court abused its discretion in denying its motion to abate for arbitration because SCR did not waive the right to arbitrate.  It asserts that it sought emergency relief to preserve the status quo until it could arbitrate the dispute, but did not request the court to resolve the case on the merits, and it engaged in minimal litigation only. 

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