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PILTCH v. MERRILL LYNCH, PIERCE, FENNER & SMITH

Civ. A. No. 88-2889 SSH.

714 F.Supp. 537 (1989)

Abraham and Helen PILTCH, Plaintiffs, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., Defendant.

United States District Court, District of Columbia.

May 24, 1989.

Attorney(s) appearing for the Case

Robert N. Levin and Susan L. Biro, Washington, D.C., for plaintiffs.

Jeffrey P. Bloom and Stuart J. Gordon, Washington, D.C., for defendant.

MEMORANDUM OPINION

STANLEY S. HARRIS, District Judge.

This matter is before the Court on defendant's motion to compel arbitration and to dismiss, and plaintiffs' opposition thereto.

Plaintiffs contracted with defendant, a licensed securities brokerage firm, to represent them in the purchase and sale of options. Plaintiffs signed a standard option agreement with defendant in 1975, providing in part that "[a]ny controversy between [the parties] arising...

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