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SMITH BARNEY, INC. v. SARVER

No. 95-70060.

894 F.Supp. 306 (1995)

SMITH BARNEY, INC., Plaintiff, v. Roger SARVER and Concetta Sarver, Defendants.

United States District Court, E.D. Michigan, Southern Division.

July 27, 1995.

Attorney(s) appearing for the Case

Clarence L. Pozza, Jr., Thomas R. Cox (argued), Miller, Canfield, Paddock & Stone, Detroit, MI, for plaintiff.

Walter L. Baumgardner, Robert Wagner, Musilli, Baumgardner, Wagner & Parnell, St. Clair Shores, MI, for defendants.

OPINION AND ORDER

FEIKENS, District Judge.

I. BACKGROUND

On July 6, 1987, the respondents, Roger and Concetta Sarver, opened a stock brokerage account with Shearson Lehman Brothers Inc. ("Shearson") and signed a standard form Client Agreement which provided for resolution of account-related disputes by arbitration in accordance with the rules of one of three broker organizations.1 The parties appear to agree...

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