Murken v. Deutsche Morgan Grenfell, Inc.

OPINION

KENNEDY, Judge.

{1} Defendant and third-party plaintiff John S. Rendall appeals the district court’s order compelling him to arbitrate his claims against Merrill Lynch. Rendall asserted claims against Merrill Lynch after he was named as a defendant in a securities fraud class action brought by former shareholders of Solv-Ex Corporation (Solv-Ex). Rendall had been a corporate officer of Solv-Ex when the company’s stock abruptly plummeted. He claimed that Merrill Lynch, among others, had been responsible for the demise of Solv-Ex. The district court, pursuant to a provision in a pledge…