Professional Documents
Culture Documents
Senior MGMT Inc v. Arnett Group LLC, 4th Cir. (2007)
Senior MGMT Inc v. Arnett Group LLC, 4th Cir. (2007)
No. 06-2273
SENIOR
MANAGEMENT,
INCORPORATED;
MANUFACTURING,
INCORPORATED;
ENTERPRISES, INCORPORATED,
PARKER
PARKER
Plaintiffs - Appellees,
versus
MICHAEL CAPPS; G. GEOFFREY CRAMER,
Defendants - Appellants,
and
ARNETT
GROUP,
L.L.C.;
CORNELL
FUNDING
SYNDICATE, L.L.C.; JOHN H. BELCH; MONEYQUEST,
L.L.C.; INTERNATIONAL FINANCES, LTD; JERRY
ZEDNER; WILLIAM KOERNER; CAPITAL INVESTMENT
AGENCY; DAVID E. DAWKINS,
Defendants.
Appeal from the United States District Court for the Eastern
District of North Carolina, at Raleigh.
Terrence W. Boyle,
District Judge. (5:04-cv-00651-BO)
Submitted:
Decided:
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PER CURIAM:
Senior Management, Inc., Parker Manufacturing, Inc., and
Parker Enterprises, Inc. (Plaintiffs) brought this action against
Moneyquest, L.L.C., and two of its partners, Michael Capps and
Geoff Cramer (Appellants), as well as other individuals and
organizations (Defendants), alleging Appellants and Defendants
stole hundreds of thousands of dollars from them and deprived them
of millions of dollars in lost business opportunities through an
advanced fee scheme.
entered
into
agreements
with
Appellants
Plaintiffs
Appellants
were
for
120
and
the
other
agreement
and
for
days,
limited
for
duration,
ninety
one
days.
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Civ. P. 54(b); Cohen v. Beneficial Indus. Loan Corp., 337 U.S. 541,
546-47 (1949).
See 9 U.S.C.
16(a)(1)(B) (2000); Am. Cas. Co. v. L-J, Inc., 35 F.3d 133, 135
(4th Cir. 1994); see also Kansas Gas & Elec. Co. v. Westinghouse
Elec. Corp., 861 F.2d 420, 422 (4th Cir. 1988) (finding district
court order denying motion to compel arbitration an appealable
interlocutory order under 28 U.S.C. 1292(a)(1)).
This court
reviews
to
the
district
courts
denial
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of
motion
compel
arbitration de novo.
I.
discretion,
the
provision
was
illusory
and
law
does
not
require
mutuality
of
obligation
in
arbitration agreements.
Under the FAA, a party may compel arbitration if it can
demonstrate:
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See
Mutuality does
not require that each of the contract terms must apply equally to
both parties to be enforceable.); see also Strategic Outsourcing,
Inc. v. Stacks, 625 S.E.2d 800, 803 (N.C. Ct. App. 2006) (holding
that
provision
allowing
one
party
to
exempt
its
claims
from
Paint Corp. v. Flood & Conklin Mfg. Co., 388 U.S. 395 (1967), to
support this assertion.
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In
considering
Prima
Paint,
the
Supreme
Court
held
that
when
to
determine
the
validity
of
the
claim.
If
the
Id. at
403-04.
Plaintiffs assertions to the contrary, Prima Paint does
not stand for the proposition that the district court may look to
an
arbitration
provision
is
provision
in
independently
isolation
supported
to
by
determine
if
consideration.
that
See
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II.
erred
in
denying
Appellants
motion
to
compel,
only
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contract
terminated,
and
the
intent
of
the
parties,
as
We dispense
with oral argument because the facts and legal contentions are
adequately presented in the materials before the court and argument
would not aid the decisional process.
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