Groleau v. American Express et al.

2011 DNH 166
CourtDistrict Court, D. New Hampshire
DecidedOctober 11, 2011
DocketCV-10-190-JL
StatusPublished

This text of 2011 DNH 166 (Groleau v. American Express et al.) is published on Counsel Stack Legal Research, covering District Court, D. New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Groleau v. American Express et al., 2011 DNH 166 (D.N.H. 2011).

Opinion

Groleau v. American Express et al. CV-10-190-JL 10/11/11 UNITED STATES DISTRICT COURT DISTRICT OF NEW HAMPSHIRE

Lucien H. Groleau

v. Civil No. lO-cv-190-JL Opinion No. 2011 DNH 166

American Express Financial Advisors, Inc. (n/k/a Ameriprise Financial Services, Inc.), Smith, Sweeney & Associates, Inc., Peter H. Smith, and Jeremy Sweeney

BENCH TRIAL DECISION: FINDINGS OF FACT AND RULINGS OF LAW

The plaintiff, Lucien H. Groleau, sued the defendants for

specific performance, seeking an order compelling them to engage

in arbitration pursuant to a November 2004 agreement between the

parties. The defendants, American Express Financial Advisors,

Inc., Smith, Sweeney & Associates, Inc., Peter H. Smith, and

Jeremy Sweeney, admit that they agreed to submit the dispute to

arbitration, but assert that Groleau failed to take steps to

schedule an arbitration before 2010 and that as a result of this

delay, his claims are barred by the doctrines of waiver and

laches. After the court denied the defendants' motion for

judgment on the pleadings, the court and the parties agreed that

the triable issues in the case were limited and discrete, and the

court ordered an expedited discovery and trial schedule. The court, which has jurisdiction under 28 U.S.C.

§ 1332(a)(1) (diversity), conducted a bench trial. Each of the

parties submitted a set of proposed findings and rulings before

trial; the parties also jointly submitted a pre-trial statement

of agreed facts and timeline of events. At the court's reguest,

the parties also submitted post-trial memoranda addressing

specific guestions pertaining to the doctrine of waiver:

specifically, the guestion of whether rights can be waived

through inaction, as opposed to affirmative conduct. With the

assistance of these materials, the court makes the following

findings of fact and rulings of law, see Fed. R. Civ. P. 52(a),

resulting in judgment for the defendants.

The doctrine of laches does not apply to bar Groleau's

claim. While his assertion of the right to arbitrate was

unreasonably delayed, defendants presented no evidence that the

delay "resulted in unfair prejudice," as is necessary for

application of laches. Miner v. A & C Tire Co., Inc., 146 N.H.

631, 633 (2001). The doctrine of waiver, however, bars Groleau's

claim. In the face of a court order that he submit his claims to

arbitration no later than August 24, 2006, and despite his

repeated assurances that he would promptly arbitrate, Groleau

made no effort to actually schedule an arbitration for a period

of nearly four-and-a-half years. Groleau's "conduct under the

2 circumstances justif[ies] an inference" that he relinquished the

right to arbitrate his claims against defendants, resulting in a

waiver of that right. S. Willow Props., LLC v. Burlington Coat

Factory of N.H., LLC, 159 N.H. 494, 499 (2009).

Findings of Fact

1. Plaintiff Lucien Groleau was employed as director of

productdevelopment for Nortel Networks, Inc. in Nashville,

Tennessee, before retiring in early 2000. Defendant Smith,

Sweeney & Associates, Inc. is a franchise of defendant American

Express Financial Advisors, Inc. In late 1999, while Groleau was

still employed at Nortel, defendants Jeremy Sweeney and Peter

Smith, financial advisors and employees of the Smith-Sweeney

firm, attempted to secure Groleau as a client. Over the next

several months, Groleau met with Sweeney and Smith at least five

times to discuss his finances and his retirement plans.

2.In March 2000, Sweeney and Smith provided Groleau and

his wife Paula with a written "Financial Advisory Proposal" that

presented recommendations as to how they could best achieve their

financial goals. Groleau maintains that in addition to this

written proposal, Sweeney and Smith made oral representations

regarding how he could expect his finances to develop if he

invested according to their financial advice. Based upon the

3 written Financial Advisory Proposal and these oral

representations, Groleau retained Sweeney and Smith and followed

their investment advice.

3. Within a year of investing with Sweeney and Smith,

Groleau became concerned that his investments were not performing

as well as expected. Groleau nonetheless continued to follow

Sweeney's and Smith's financial advice. In 2004, due to mounting

concerns about his investments, Groleau sought the advice of

another financial advisor, Ellen Molnar. Molnar advised Groleau

that the defendants' financial advice was inappropriate for a

person in his situation and with his retirement-related financial

goals, and advised him to seek legal counsel.

4. Groleau filed suit against defendants in the Belknap

County Superior Court on July 23, 2004, asserting claims for

fraudulent misrepresentation, negligent misrepresentation,

negligence, breach of fiduciary duty, and negligent supervision.

The defendants removed the action to this court. See Groleau v.

Am. Express Fin. Advisors, Inc., No. 04-cv-332 (D.N.H. Sept. 1,

2004) (the "2004 Action").

5. On November 19, 2004, before defendants had responded

to Groleau's complaint, the parties filed a "Joint Motion to Stay

Pending Arbitration" ("Motion to Stay") in the 2004 Action. The

Motion to Stay provided that the parties "agree and stipulate

4 that a pre-dispute arbitration clause governs all of the claims

raised by Plaintiff in [the 2004 Action]" and that "the parties

stipulate that Plaintiff shall arbitrate his claim and [the 2004

Action] shall be stayed pending arbitration." The court

(DiClerico, J.) granted the Motion to Stay on December 1, 2004.

6. Over the next year, neither of the parties filed

anything with the court in the 2004 Action. On December 20,

2005, the court ordered the parties to file a status report as to

the arbitration. Defendants' status report informed the court

that on October 4, 2005--nearly 11 months after the filing of the

Motion to Stay--defendants' counsel had received a reguest from

Groleau's counsel seeking to schedule the arbitration, and that

Groleau's counsel had not returned telephone calls in response.

Groleau's status report acknowledged that his counsel had failed

to return telephone calls from defendants' counsel but stated

that "the matter might be scheduled and heard within the next

three months."

7. On January 4, 2006, Judge DiClerico issued an order

noting that " [a]rbitration has yet to occur for reasons that are

not readily apparent" and ordering counsel "to take the steps

necessary to schedule the arbitration promptly." For the next

four months, Groleau's counsel took no steps toward scheduling

the arbitration. On May 2, 2006, having received no indication

5 from the parties as to the status of arbitration, the court

ordered Groleau to show cause on or before May 25, 2006, why the

2004 Action should not be dismissed for failure to prosecute.

8. In response, Groleau filed a status report

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Bluebook (online)
2011 DNH 166, Counsel Stack Legal Research, https://law.counselstack.com/opinion/groleau-v-american-express-et-al-nhd-2011.