Florida Supreme Court Rules Arbitration Clauses Apply to Fraud Claims
Feb 5, 2013
The following article was published in The Insurance Journal on February 5, 2013:
The Florida Supreme Court says contract clauses requiring arbitration to settle related disputes include fraud claims.
The justices unanimously reversed a three-judge panel of the 1st District Court of Appeal, which had ruled the opposite way.
The decision upholds a Bay County trial judge’s dismissal of a lawsuit filed by the Shakespeare Foundation Inc. and the Herd Community Development Corp.
The judge ruled their claim, instead, had to be arbitrated.
The plaintiffs alleged the Jackson Realty Team Inc. fraudulently advertised property it sold them for a low-income house project as containing no wetlands. They alleged 25 percent of the land was in fact wetlands and, therefore, unbuildable.
View the original article here: http://www.insurancejournal.com/news/southeast/2013/02/05/279956.htm