in Re: City Group Global Markets Inc. and William Selzer

CourtCourt of Appeals of Texas
DecidedAugust 5, 2008
Docket14-07-00718-CV
StatusPublished

This text of in Re: City Group Global Markets Inc. and William Selzer (in Re: City Group Global Markets Inc. and William Selzer) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
in Re: City Group Global Markets Inc. and William Selzer, (Tex. Ct. App. 2008).

Opinion

Petition for Writ of Mandamus Conditionally Granted, Appeal Dismissed, and Opinion filed August 5, 2008

 Petition for Writ of Mandamus Conditionally Granted, Appeal Dismissed, and Opinion filed August 5, 2008.

In The

Fourteenth Court of Appeals

________________________

NO. 14-07-00450-CV

____________

CITIGROUP GLOBAL MARKETS, INC. AND WILLIAM E. SELZER, Appellants

V.

BETH BROWN AND CHERYL KAPLAN, ADMINISTRATORS OF THE ESTATE OF DAVID S. MANDELL, DECEASED, Appellees

On Appeal from Probate Court Number Two

Harris County, Texas

Trial Court Cause No. 331,337-403

NO. 14-07-00718-CV

IN RE CITIGROUP GLOBAL MARKETS, INC. AND WILLIAM E. SELZER, Relators

ORIGINAL PROCEEDING

WRIT OF MANDAMUS

O P I N I O N


This mandamus proceeding and interlocutory appeal arise out of a dispute between the administrators of an estate and a brokerage firm.  The estate administrators, who are the deceased=s daughters, sued the brokerage firm and one of its consultants asserting various tort claims regarding an account that the deceased=s son had established in his father=s name using a power of attorney.  The brokerage firm defendants moved to compel arbitration based on arbitration provisions in the father=s brokerage agreement. They carried their initial burden of establishing the existence of an arbitration agreement and showing that the administrators= claims fall within the scope of the agreement.  However, the administrators asserted that the father lacked mental capacity when he executed the power of attorney used by his son to open the brokerage account and that therefore, his son lacked authority to bind the father to the arbitration provision of the brokerage agreement.  For reasons explained below, we conclude the administrators failed to carry their burden of presenting evidence in support of this assertion; therefore, we conditionally grant the requested mandamus relief and dismiss the interlocutory appeal as moot.

I.  Factual and Procedural Background

Appellees/real parties in interest Beth Brown and Cheryl Kaplan (hereinafter the AAdministrators@) sued their brother Marc Mandell claiming that after their father, David Mandell, suffered a massive stroke, Marc had him sign a power of attorney in the hospital while David lacked the mental capacity necessary to enter into a contract.  The Administrators  alleged that Marc, using the power of attorney, then converted their father=s assets and wasted these assets by speculative investments made through appellant Citigroup Global Markets, Inc. (hereinafter ACitigroup@).  The Administrators asserted claims against their brother for breach of fiduciary duty, negligence, conversion, and waste.  They also sought an accounting and a declaratory judgment that the power of attorney he held for their father was void ab initio because their father lacked the requisite mental capacity necessary to enter into a contract when he signed the power of attorney.  At first, the Administrators sued only Marc.  Later, they added as defendants Citigroup and William E. Selzer, a financial consultant at Citigroup who allegedly supervised the investments in question (hereinafter collectively the ACitigroup Parties@).  The Administrators asserted claims against the Citigroup Parties for breach of fiduciary duty and negligence based on various alleged acts and omissions relating to Marc=s investment of David=s funds using the power of attorney.


In February 2004, the Citigroup Parties moved to compel arbitration of the claims asserted against them based on a broad arbitration provision in David=s client agreement with Citigroup (hereinafter AArbitration Provision@).  The agreement was not signed by David but rather was signed by Marc as David=s agent based on the power of attorney.  The Administrators= claims against the Citigroup Parties fall within the scope of the Arbitration Provision, and the Administrators have never argued otherwise.  However, the Administrators opposed the motion to compel, asserting as a defense that David lacked the requisite mental capacity necessary to enter into a contract when he signed the power of attorney.  In support of this defense, the Administrators argued that (1) Marc signed the client agreement as David=s agent based solely on a power of attorney dated September 6, 1996; (2) when David signed this power of attorney he lacked the requisite mental capacity necessary to enter into a contract; (3) Marc lacked the authority to bind his father to the client agreement; (4) if David lacked capacity, as alleged by the Administrators, the arbitration provision would not be binding on David or the Administrators; and (5) before deciding whether to compel arbitration, the trial court should decide whether David had the mental capacity necessary to execute the power of attorney (hereinafter Athe Capacity Issue@).  The Administrators did not attach any evidence to their first response, but they requested a continuance to conduct discovery on these issues. 


In September 2004, the trial court held a hearing on the motion to compel arbitration.  The trial court stated that (1) the court, rather than the arbitration panel, would decide whether the power of attorney was valid and whether Marc bound David to the arbitration provision in the client agreement; and (2) the proper way to proceed was to sever the claims against the Citigroup Parties from the rest of the case and then proceed with a trial on the declaratory-judgment issue as to whether David was incapacitated when he signed the power of attorney.  The trial court suggested that the parties file an agreed motion to sever.  The Administrators=

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