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SPITZ v. PRUDENTIAL-BACHE SECURITIES, INC.

No. 85-2856.

502 So.2d 479 (1987)

Bernard SPITZ and Gertrude Spitz, Appellants, v. PRUDENTIAL-BACHE SECURITIES, INC., and Nancy Abrams, Appellees.

District Court of Appeal of Florida, Fourth District.

Rehearing and Sanctions Denied March 5, 1987.

Attorney(s) appearing for the Case

Pamela M. Burdick of Russell L. Forkey, P.A., Fort Lauderdale, for appellants.

Lloyd R. Schwed and Kathy Klock of Fowler, White, Burnett, Hurley, Banick & Strickroot, P.A., Miami, for appellees.

LETTS, Judge.

We have before us for review the order of the trial court granting Prudential-Bache's Motion to Stay Action and Compel Arbitration. We reverse.

The Appellants are retirees who, after discussions with a Prudential-Bache account executive, invested in a limited partnership. The partnership's profitability did not live up to their expectations and the retirees filed a two count complaint alleging violation of section 517.301, Florida Statutes (1985...

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