J.P. Morgan Chase Bank, N.A. v. Jeffrey McDonald
Court of Appeals for the Seventh Circuit
1Opinion of the Court
HAMILTON, Circuit Judge.
Businesses often seek to bind customers to arbitration agreements because they view arbitration as more efficient and predictable than going to court. In an unusual role reversal, this case features a large company trying its best to avoid arbitration with two of its former customers. That company, J.P. Morgan Chase Bank, has sued its former investment account holders, Jeffrey and Shelli McDonald, in federal district court to stop them from arbitrating a dispute against an affiliate of the Bank and two Bank employees, but not against the Bank.
The district court…
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