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MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. v. WILBANKS

63529.

162 Ga. App. 154 (1982)

290 S.E.2d 122

MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. et al. v. WILBANKS et al.

Court of Appeals of Georgia.

Rehearing Denied April 19, 1982.

Attorney(s) appearing for the Case

Paul W. Stivers, for appellants.

Jack M. Carey, Roland H. Stroberg, for appellees.

BANKE, Judge.

The plaintiffs, Mr. and Mrs. Wilbanks, filed suit against Merrill Lynch, Pierce, Fenner & Smith, Inc., their securities broker, and Robert A. Wolter, their account executive, to recover damages for fraud and breach of fiduciary duty based on the alleged mishandling of their securities account. The defendants moved to stay the action and to compel arbitration in accordance with the following provision contained in a "Standard Option Agreement" signed...

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