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DENLEY v. SHEARSON/AMERICAN EXP., INC.

No. 83-5008.

733 F.2d 39 (1984)

Robert J. DENLEY, Plaintiff-Appellant, v. SHEARSON/AMERICAN EXPRESS, INC., and Malcom Bailey, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided April 26, 1984.

Attorney(s) appearing for the Case

D. Jack Smith, Jr. (argued), Robert D. Massey, Memphis, Tenn., for plaintiff-appellant.

Stephen H. Biller (argued), Heiskell, Donelson, Bearman, Adams, Williams & Kirch, Memphis, Tenn., for defendants-appellees.

Before KENNEDY and WELLFORD, Circuit Judges, and PECK, Senior Circuit Judge.

PER CURIAM.

Robert J. Denley ("Denley") appeals from the District Court orders staying his action under the Commodity Exchange Act pending arbitration.

Denley's complaint alleged fraud, negligence, misrepresentation, and Commodity Exchange Act claims against his broker and his broker's employer. Denley alleged that the broker "churned" his account and invested in highly speculative commodities futures when the broker knew Denley needed a stable investment...

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