Legal Opinion

Szego v. Craigie Inc.

Richmond County Circuit Court

Decided May 20, 1980No. Case No. LC-904Published

1Opinion of the Court

By JUDGE WILLARD I. WALKER

This matter is before the court on defendant's motion to dismiss. The facts are not in dispute.

The defendant, Craigie Incorporated, is a corporation which provides services as a broker-dealer in securities. The plaintiff, Mrs. Arlene E. Szego, an individual customer, executed a power of attorney in early 1975 authorizing defendant to trade in options and other securities for her on a "discretionary account" basis. In February, 1976, the plaintiff signed a "Customer Options Agreement" which provided for arbitration of disputes:

Any controversy arising out of or…

2Cases cited5 opinions

  1. Wilko v. SwanSupreme Court of the United States · 1953
  2. Rolf v. Blyth Eastman Dillon & Co., Inc.District Court, S.D. New York · 1977
  3. Southeastern Colorado Water Conservancy District v. Shelton Farms, Inc.Supreme Court of Colorado · 1975
  4. Parsons v. Hornblower & Weeks-Hemphill, NoyesDistrict Court, M.D. North Carolina · 1977
  5. Watling, Lerchen & Co. v. OrmondMichigan Court of Appeals · 1978

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