Park v. Merrill Lynch
Court of Appeals of North Carolina
1Opinion of the Court
STEELMAN, Judge.
Defendants, Merrill Lynch, Pierce, Fenner & Smith, Inc.; Jeffrey J. Lane; Anthony (Mike) Cuomo; and Douglas Homberger, appeal an order of the trial court denying their motion to stay proceedings and compel arbitration. They set forth three assignments of error. For the reasons discussed herein, we reverse and remand this case.
In 1986, plaintiff Park Family Dentistry established a working cash management account (WCMA) with Merrill Lynch. Between 1994 and 2000, plaintiffs David Park and Junhie Park established four individual retirement accounts (IRAs) with Merrill Lynch. On…
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