at 339; Ericksen, Arbuthnot, Mc Carthy, Kearney & Walsh, Inc.
Under the FAA, contractual arbitration agreements must be enforced "save upon such grounds as exist at law or in equity for the revocation of any contract." Newton v.
"In line with these principles, courts must place arbitration agreements on an equal footing with other contracts, and enforce them according to their terms." Concepcion, 563 U.
"[W]here a contract contains an arbitration clause," moreover, "courts apply a presumption in favor of arbitrability .
Much of the company's growth without investment capital has been attributed to its affiliate program, with more than 500,000 affiliates to date.When pressed on details, Ballou declined to comment further.But why Friend Finder Networks has held onto millions of accounts belonging to customers is a mystery, given that the site was sold to Penthouse Global Media in February."We are aware of the data hack and we are waiting on Friend Finder to give us a detailed account of the scope of the breach and their remedial actions in regard to our data," said Kelly Holland, the site's chief executive, in an email on Saturday.Its corporate headquarters are located in Boca Raton, Florida, with additional offices in California, New York, and Taiwan.The company primarily deals in adult entertainment, online dating, and social networking services. Defendant now moves to compel arbitration and dismiss the action based on the arbitration provision contained in the Terms. When it applies, the FAA preempts state laws that conflict with its provisions or obstruct its objective to enforce valid arbitration agreements. As of January 17, 2010, Friend Finder Networks had a negative net worth equal to 8 million, million in cash on hand and 0 million in liabilities.The company had also indicated that it lacked existing cash or cash from operations to repay a .5 million debt that was due July 31.It has cautioned that, unless it can repay or restructure its obligation, it will face “a material deficiency in our short term liquidity.” With these shortfalls in mind, the company again announced an intention to make an initial public offering of stock, representing a 49% stake in the company, with plans to use the proceeds to pay down its debt and become listed on the New York Stock Exchange.The contemplated public offering, scheduled to reach the market on January 27, 2010 was delayed by FFN.