Coots v. Wachovia Securities, Inc.

OPINION

MESSITTE, District Judge.

I

Jacquelyn A. Coots, as Guardian of the Property of the minor children Tori Naomi Wallace, Noah Isadore Wallace, Halifath Wallace and Maya Patience Wallace, has sued Wachovia Securities, Inc., and Wa-chovia Bank, N.A. (collectively “Wacho-via”), alleging that they converted life insurance proceeds disbursed to the children upon the death of their father. Wachovia seeks to compel arbitration of the dispute pursuant to a Customer Agreement that the children’s mother, Cassandra Wallace (“Wallace”), signed with respect to the funds. The Court will DENY the Motion. 1