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J.P. MORGAN CHASE BANK, N.A. v. McDONALD

No. 13-2635.

760 F.3d 646 (2014)

J.P. MORGAN CHASE BANK, N.A. and J.P. Morgan Securities, LLC, Plaintiffs-Appellants, v. Jeffrey B. McDONALD and Shelli A. McDonald, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided July 25, 2014.

Attorney(s) appearing for the Case

David M. Lederkramer , Attorney, Proskauer Rose LLP, New York, NY, for Plaintiffs-Appellants.

Samuel B. Edwards , Attorney, Shepherd, Smith, Edwards & Kantas, LLP, Houston, TX, for Defendants-Appellees.

Before WILLIAMS, SYKES, and HAMILTON, Circuit Judges.

HAMILTON, Circuit Judge.

Businesses often seek to bind customers to arbitration agreements because they view arbitration as more efficient and predictable than going to court. In an unusual role reversal, this case features a large company trying its best to avoid arbitration with two of its former customers. That company, J.P. Morgan Chase Bank, has sued its former investment account holders, Jeffrey and Shelli McDonald, in federal district court to stop them from...

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