Quimbee logo
DMCA.com Protection Status

First Options of Chicago, Inc. v. Kaplan

514 U.S. 938 (1995)

Case BriefRelatedOptions
From our private database of 31,100+ case briefs...

First Options of Chicago, Inc. v. Kaplan

United States Supreme Court

514 U.S. 938 (1995)

Facts

Manuel Kaplan’s (plaintiff’s) wholly owned company, MK Investments, Inc. (MKI), broke its agreement to repay a debt to First Options of Chicago, Inc. (First Options) (defendant). First Options took over MKI, liquidated its assets, and insisted that Kaplan cover any deficiency. When Kaplan failed to do so, First Options invoked the loan agreement’s arbitration clause. Kaplan argued that he was not a party to MKI’s loan agreement, and that therefore he was not subject to the arbitrator’s authority. The arbitrator, however, ruled that First Option’s claim against Kaplan was arbitrable. The arbitrator also ruled in First Option’s favor on the merits of its claim. Kaplan asked a federal district court to overturn the arbitrator’s rulings. The district court affirmed the arbitrator, but the Third Circuit reviewed the district court’s judgment de novo and reversed. First Options appealed to the United States Supreme Court.

Rule of Law

Issue

Holding and Reasoning (Breyer, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 557,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials
  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 557,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 31,100 briefs, keyed to 984 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 557,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 31,100 briefs - keyed to 984 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership