Prudential-Bache Securities, Inc., William Erik Byrne and Don Robbins v. James Forrest Fitch and Marion T. Fitch
Court of Appeals for the Fifth Circuit
1Opinion of the Court
W. EUGENE DAVIS, Circuit Judge:
James and Marion Fitch appeal from the order of the district court enjoining them from proceeding with their litigation against Prudential-Bache except in arbitration ordered earlier by the same court. We conclude that the district court did not have jurisdiction over Prudential-Bache’s petition to compel arbitration or for injunctive relief. Accordingly, we vacate the district court’s orders and dismiss this action.
I
In 1984, James and Marion Fitch purchased certain limited partnership investments through Prudential-Bache Securities, Inc. (Prudential). In…
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