Many Florida breach of contract lawsuits involve multiple plaintiffs and/or defendants. In some cases, the use of arbitration to resolve the dispute is not outlined in all of the contracts. In the interest of saving time and money, arbitrations can be used to resolve these disputes.
For example, the Chief Executive Officer of American Momentum filed a lawsuit against two of the company's executives alleging breach of contract. It is alleged that two executive vice presidents of the company were acquiring another bank while they were still employed by American Momentum. The two are further accused of contacting American Momentum's customers in an attempt to persuade them to move their accounts to the other bank.