MTA, Inc. v. Merrill Lynch, Pierce, Fenner & Smith, Inc., [Ms. 1111167, Dec. 7, 2012] ___ So. 3d ___ (Ala. 2012). This opinion
holds that the settlor of a trust is not bound by an arbitration agreement
entered into between the trustee and the stockbroker with whom the trustee
was making investments. Nor was the settlor subject to arbitration under
a third-party beneficiary principle, because the terms of the arbitration
agreement were not broad enough to reach claims by the settlor.