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BENACQUISTO v. AMERICAN EXPRESS FINANCIAL CORP.

No. CIV. 00-1980 (DSD/JM).

373 F.Supp.2d 966 (2005)

Lesa BENACQUISTO, Daniel Benacquisto, Richard Thoresen, Elizabeth Thoresen, Arnold Mork, Isabella Mork, Ronald Melchert and Susan Melchert, on behalf of themselves and all others similarly situated, Plaintiffs, v. AMERICAN EXPRESS FINANCIAL CORPORATION, American Express Financial Advisors, American Centurion Life Assurance Company, American Enterprise Life Insurance Company, American Partners Life Insurance Company, IDS Life Insurance Company and IDS Life Insurance Company of New York, Defendants.

United States District Court, D. Minnesota.

June 13, 2005.

ORDER

DOTY, District Judge.

This matter is before the court upon the motion of defendant "to enforce class action settlement as to claims of Peter G. Covert, IRA and Linda L. Covert, IRA before the NASD" and the motion of respondents to stay and compel arbitration. For the reasons that follow, the court denies defendant's motion and grants the Coverts' motion.

BACKGROUND

On May 15, 2001...

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