Remmey v. PaineWebber, Inc.
United States Court of Appeals for the Fourth Circuit
32 F.3d 143 (1994)
- Written by Alexander Hager-DeMyer, JD
Facts
Louise Remmey (plaintiff) was an elderly woman and account holder at PaineWebber, Inc. (defendant), a brokerage firm. Remmey signed a client agreement that included an arbitration clause governing all disputes between Remmey and PaineWebber. A dispute arose, and Remmey filed suit in federal district court. PaineWebber cited the arbitration clause, and Remmey agreed to a stay of proceedings pending arbitration. During arbitration, Remmey produced evidence indicating that she was manipulated by PaineWebber into making risky investments that were contrary to her stated goals of stability and security and inappropriate for an elderly person. PaineWebber produced evidence that the investments were in line with Remmey’s stated goals and that the company discussed the investments with Remmey before each purchase. After debating the conflicting evidence, the arbitration panel dismissed Remmey’s claims, and Remmey filed a motion with the district court to set aside the decision under the Federal Arbitration Act (FAA). The district court refused, and Remmey appealed to the Fourth Circuit.
Rule of Law
Issue
Holding and Reasoning (Wilkinson, J.)
What to do next…
Here's why 832,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 46,500 briefs, keyed to 994 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.
