Hales v. ProEquities, Inc.
Supreme Court of Alabama
1Opinion of the Court
Appellants-plaintiffs Frank J. Hales and Iva Jean P. Hales appeal the order entered by the trial court compelling them to arbitrate their claims against appellee-defendant ProEquities, Inc., an investment company. We reverse and remand.
In July 1994, Wayne Gregory, an agent of ProEquities, convinced the Haleses to put their life savings of $430,000 in an investment account with ProEquities. On July 20, 1994, Frank Hales, alone, signed a "New Account Application," an individual retirement account ("IRA") application, and an IRA beneficiary designation form. The contractual documents include a…
Also in this document: Concurrence.
2Cases cited31 opinions
- Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
- United Steelworkers v. Warrior & Gulf Navigation Co.Supreme Court of the United States · 1960
- At&T Technologies, Inc. v. Communications WorkersSupreme Court of the United States · 1986
- Prima Paint Corp. v. Flood & Conklin Mfg. Co.Supreme Court of the United States · 1967
- Morewitz v. West of England Ship Owners Mutual Protection & Indemnity Ass'n (Luxembourg)Court of Appeals for the Eleventh Circuit · 1995
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3Cited by24 opinions
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- Paw Paw's Camper City, Inc. v. HaymanSupreme Court of Alabama · 2007
- Climastor IV, L.L.C. v. Marshall Construction, L.L.C.Supreme Court of Alabama · 2008
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