Mta, Inc. v. Merrill Lynch, Pierce, Fenner & Smith, Inc., a Division of Bank of America Corporation

Summary

The Alabama Supreme Court reversed the trial court’s order compelling arbitration, holding that MTA, as a nonsignatory, is not bound by the arbitration provisions because the clauses are narrowly scoped to the parties and the third‑party‑beneficiary and equitable‑estoppel exceptions do not apply.