Bryant v. Investco Management & Development LLC CA
Plaintiff Jeffrey Bryant purchased membership interests in a limited liability corporation called Investco AV21 LLC (Investco AV21). He alleges these membership interests were securities that were not qualified with the California Department of Corporations (DOC) and were offered and sold to him illegally. Defendants Investco Management & Development LLC (Investco M&D), Steven Thompson, and Douglas Hanson (collectively the Investco defendants) moved to compel arbitration of Bryant’s claims pursuant to two agreements containing arbitration clauses. The trial court issued a tentative ruling granting the motion, but after oral argument, the court reversed its tentative ruling and denied the motion, finding, inter alia, that there was no contract, provision or agreement to arbitrate. On appeal, the Investco defendants argue that Bryant judicially admitted signing the agreements containing the arbitration clauses.
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