Lahtinen, J.
Plaintiffs commenced an action seeking damages for personal injuries allegedly sustained in a motor vehicle accident. Defendants moved for summary judgment and, while the motion was pending, the parties agreed to submit the case to binding arbitration. They stipulated to a high/low of $50,000/$2,500. Plaintiffs later refused to proceed with the arbitration contending that they had been misled to believe that defendants had $50,000 in coverage when, in...
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