Paetzold v. AMERICAN STERLING CORP.

PAUL M. SPINDEN, Judge.

This dispute concerns the enforceability of an arbitration provision in an employment severance agreement between David P. Paetzold and his former employer, American Sterling Bank, N.A. When Paet-zold sued the bank and its holding company, American Sterling Corporation, for breach of contract and fraudulent misrepresentation, American Sterling1 moved to stay the circuit court proceedings and asked the circuit court to compel arbitration of Paetzold’s claims. The circuit court denied American Sterling’s motion. Pursuant to Section 435.440.1(1), RSMo 2000, and 9 U.S.C.…