Newton v. U.S. Bancorp Invest., Inc.

Citations

• 214 N.E.3d 58
• 2023 Ohio 1450

Syllabus

The trial court did not err in granting a motion to stay filed by the defendants-appellees, a broker-dealer/investment adviser and his employer, pending Financial Industry Regulatory Authority (\FINRA\) arbitration of claims brought by appellants, a husband and wife seeking redress for the reduction in value of an annuity serviced by appellees. Appellants failed to show alleged tortious conduct removed their claims from the scope of the broad arbitration provision in the universal customer agreement the husband signed or that the trial court erred in staying the identical claims brought by the wife, a non-signatory to the operative agreements. Judgment affirmed.