Dinsmore v. Piper Jaffray, Inc.
South Dakota Supreme Court
1Opinion of the Court
JOHNS, Circuit Judge.
[¶ 1.] Piper Jaffray, Inc. (Piper) and David Stevens (Stevens), appeal circuit court orders denying their joint motion to stay proceedings and compel arbitration in an action filed by David Dinsmore (Dinsmore).
[¶ 2.] We reverse and remand.
FACTS
[¶ 3.] In 1988, because of his prior experience with securities brokers and pre-dispute arbitration provisions, Dinsmore searched for a securities brokerage firm that would consent to an account agreement without an arbitration clause. In that same year Dins-more declined opening a new account with Mesirow Financial, Inc., because…
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