William G. Walker and Sandra O. Walker v. J.C. Bradford & Co., Milburn L. Bryant, Mary C. Bryant and Sandra L. Bryant v. J.C. Bradford & Co.

KING, Circuit Judge:

Plaintiffs seek damages for various state securities law violations that the defendant allegedly committed. Thirteen months after plaintiffs filed suit, defendant filed a motion to compel arbitration and to stay proceedings. The district court denied the defendant’s motion on the ground that defendant had waived its right to arbitration. Finding that the district court erred, we reverse and remand with instructions to the district court to grant defendant’s stay motion so that the parties may pursue this case in an arbitral forum.

I

Plaintiffs began this case in state court,…