Fillo v. Dillon

ORDER

STAHL, District Judge.

This civil action, founded on 28 U.S.C. § 1332, derives from a brokerage agreement between plaintiff John Filio and Dean Witter Reynolds. Defendant James Dillon was the Dean Witter broker who represented Filio. Plaintiff claims that Dillon deposited funds in highly speculative securities, that Dillon churned the account, and that Dillon failed to place money in an IRA account as requested.

Defendant Dillon now moves to stay these proceedings and compel arbitration of this dispute.

Since the United States Supreme Court reversed its previous position and declared in…