SIMPSON v. GRIMES

No. 2002-0869.

849 So.2d 740 (2003)

James D. SIMPSON, et ux. v. Robert D. GRIMES, et al.

Court of Appeal of Louisiana, Third Circuit.

Rehearing Denied August 6, 2003.


Attorney(s) appearing for the Case

Robert G. Nida, Gold, Weems, Bruser, etc., Alexandria, LA, for Plaintiffs/Appellants, James D. Simpson, Juanita H. Simpson.

Bruce Victor Schewe, Phelps, Dunbar, L.L.P., New Orleans, LA, for Defendants/Appellees, Robert D. Grimes, Argent Investment Services, Inc.

Court composed of ULYSSES GENE THIBODEAUX, SYLVIA R. COOKS, JOHN D. SAUNDERS, BILLIE COLOMBARO WOODARD and MARC T. AMY, Judges.


JOHN D. SAUNDERS, Judge.

The plaintiffs filed suit for losses sustained in a self-directed IRA account. The defendants filed exceptions of no right and no cause of action, as well as an exception of prematurity due to an arbitration provision contained in the application to open the account. The trial court granted the exceptions and issued a stay of the proceedings while the matter continued in arbitration. The judgment was rendered final and appealable pursuant...

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