Nature of Proceedings: Petition Compel Arbitration/Stay; Petition Compel Arbitration & Dismiss/Stay; Case Management Conference
Petitions to Compel Arbitration and Stay of Proceedings

Ruling

The petitions by defendants to compel arbitration and stay of proceedings are denied.

Background

Plaintiff filed this action on May 6, 2010 against Michael E. Safris and M.E. Safris & Company, LLC (“Safris defendants”), alleging causes of action for professional negligence, breach of fiduciary duty, and negligent misrepresentation. Plaintiff claims that defendants provided her with improper financial advice following the death of her husband. On September 14, 2010, the Safris defendants removed the action to federal court based on diversity jurisdiction. After plaintiff amended her complaint to allege causes of action against TD Ameritrade, Inc. and Paul Sullivan (“Ameritrade defendants”), as well as causes of action against Oakwood Capital Management, Bruce Mandel, and Elliot Holl