RODRIGUEZ DE QUIJAS v. SHEARSON/AM. EXP.

No. 88-385.

490 U.S. 477 (1989)

RODRIGUEZ DE QUIJAS ET AL. v. SHEARSON/AMERICAN EXPRESS, INC.

Supreme Court of United States.

Decided May 15, 1989


Attorney(s) appearing for the Case

Denis A. Downey argued the cause and filed briefs for petitioners.

Theodore A. Krebsbach argued the cause for respondent. With him on the brief was Jeffrey L. Friedman.*


JUSTICE KENNEDY delivered the opinion of the Court.

The question here is whether a predispute agreement to arbitrate claims under the Securities Act of 1933 is unenforceable, requiring resolution of the claims only in a judicial forum.

I

Petitioners are individuals who invested about $400,000 in securities. They signed a standard customer agreement with the broker, which included a clause stating that the parties agreed to settle any controversies...

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