Biomat, Inc. v. Sampson

BEIER, J.:

Defendant-appellant Biomat, Inc. (Biomat), seeks review of the district court’s partial denial of its motion to compel arbitration in this dispute over its Stock Redemption Agreement (Agreement) with plaintiffs-appellees Blaine and Margaret Sampson. We reverse, because we conclude that the Federal Arbitration Act, 9 U.S.C. § 1 et seq. (1994), applies to the Sampsons’ claim that Biomat fraudulently induced them to enter into the Agreement.

Blaine Sampson worked for Biomat as its chief financial officer, and the Sampsons purchased 350,000 shares of Biomat stock. Biomat also issued…