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FOUQUETTE v. FIRST AM. NAT. SEC., INC.

No. C8-90-1835.

464 N.W.2d 760 (1991)

Eugene E. FOUQUETTE, Respondent, v. FIRST AMERICAN NATIONAL SECURITIES, INC., Appellant, Michael L. Laidlaw, et al., Respondents, and A.L. Williams Insurance Services, Inc., Appellants.

Court of Appeals of Minnesota.

January 15, 1991.

Attorney(s) appearing for the Case

Jeffrey Ross, Parsinen, Bowman & Levy, P.A., Minneapolis, for First American Nat. Securities, Inc. & A.L. Williams Ins. Services, Inc.

Robert J. Feigh, Jill A. Pinkert, Hall, Byers, Hanson, Steil & Weinberger, P.A., St. Cloud, for Eugene Fouquette.

Michael L. Laidlaw, Belgrade, pro se.

Considered and decided by GARDEBRING, P.J., and KLAPHAKE and NIERENGARTEN, JJ.

OPINION

GARDEBRING, Judge.

Eugene Fouquette commenced a securities fraud action against First American National Securities, Inc. (FANS); Michael L. Laidlaw; Budget Management, Inc.; and A.L. Williams Insurance Services, Inc. (A.L. Williams). The trial court entered default judgment against Laidlaw and Budget Management.

Relying on an arbitration clause contained in a customer agreement, the remaining two defendants, FANS and A.L. Williams, moved...

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