Entity Acting On Behalf Of Defunct Company May Enforce Arbitration Agreement.

A financial services company, sued for allegedly providing bad investment advice, was denied its petition to compel arbitration because the original entity, another financial services company, which entered into the arbitration agreement, was a defunct company. The appellate court reversed, holding the financial services company, as an agent of the defunct company and a third party beneficiary of the agreement, may enforce the arbitration clause.  Ronay Family Limited Partnership v. Tweed  (Cal. App. Fourth Dist., Div. 1; May 23, 2013) 216 Cal.App.4th 830.