SI V, LLC v. FMC Corp.

ORDER GRANTING DEFENDANT’S MOTION TO COMPEL ARBITRATION AND STAY FURTHER JUDICIAL ACTION ON PLAINTIFFS’ CLAIMS; SETTING CASE MANAGEMENT CONFERENCE

WARE, District Judge.

I. INTRODUCTION

This suit arises out of a contract for sale of real property between Defendant FMC Corporation (“FMC”), the sellers, and Plaintiffs Sobrato Interests IV, LLC and Sobrato Interests V, LLC, the'purchasers. Closure on the contract for sale has not occurred for reasons that are in dispute, and Plaintiffs have filed this action asserting several claims. Pursuant to an arbitration agreement between FMC and Plaintiffs,…