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VALENTINE v. CONTICOMMODITY SVS, INC.

No. C2-83-452.

344 N.W.2d 405 (1984)

Fred J. VALENTINE, Appellant, v. CONTICOMMODITY SVS, INC., et al., Respondents.

Supreme Court of Minnesota.

February 24, 1984.

Attorney(s) appearing for the Case

Rauenhorst & Associates, Arden Hills, for appellant.

John Berg, Minneapolis, for respondents.

Considered and decided by the court en banc without oral argument.

TODD, Justice.

This case involves an action by an investor seeking damages and punitive damages for alleged wrongful, erroneous and negligent trading in his commodities futures trading account. The commodities brokerage company, Conticommodity Services, Inc. (Conti), sought summary judgment on the dual grounds that plaintiff 1) agreed in his customer agreement to arbitrate any disputes and 2) failed to demand arbitration within the 1-year time limitation. Plaintiff...

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