Burns v. Olde Discount Corp.

Defendants appeal by leave granted from the trial court’s order denying in part defendant’s motion to compel arbitration. We reverse.

Plaintiff was chief executive officer of defendant Olde Discount Corporation, a stock brokerage firm. Defendants accused plaintiff of embezzling from Olde Discount. Plaintiff was subsequently acquitted of this charge in a criminal trial. After his acquittal, plaintiff filed this suit for various actions sounding in tort and contract.

Defendants moved to have the entire case arbitrated pursuant to stock exchange rules. The trial court partially granted defendants’…