AXTELL v. MERRILL LYNCH, PIERCE, FENNER & SMITH

No. LR-C-88-625.

744 F.Supp. 194 (1989)

Charles AXTELL and Dorothy E. Axtell v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., and Mark Schlesinger.

United States District Court, E.D. Arkansas, W.D.

May 23, 1989.


Attorney(s) appearing for the Case

Mark Rialbe, John K. Shamburger, Pope Law Firm, Little Rock, Ark., for plaintiffs.

Scott E. Daniel, Hilburn Law Firm, North Little Rock, Ark., Robert C. Compton, Compton, Prewett, Thomas & Hickey, El Dorado, Ark., for defendants.


MEMORANDUM OPINION AND ORDER

GEORGE HOWARD, Jr., District Judge.

Pending before the court is defendants' motion for stay of proceedings and order compelling arbitration. Plaintiffs oppose the motion on several grounds, which are discussed below.

Plaintiffs filed this action against defendants, alleging violations of federal securities law, state securities law, and common law fraud. According to plaintiffs' complaint, plaintiffs were customers of...

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