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COENEN v. R. W. PRESSPRICH & CO.

No. 71 Civ. 724.

329 F.Supp. 1296 (1971)

Dale S. COENEN, Plaintiff, v. R. W. PRESSPRICH & CO., Inc. and Stirling Homex Corporation, Defendants.

United States District Court, S. D. New York.

April 22, 1971.

Attorney(s) appearing for the Case

Royall, Koegel & Wells, New York City, for plaintiff; David F. Dobbins and Thomas W. Towell, Jr., New York City, of counsel.

Winthrop, Stimson, Putnam & Roberts, New York City, for defendant R. W. Pressprich & Co., Inc.; Stephen A. Weiner and Arnold S. Anderson, New York City, of counsel.

METZNER, District Judge.

Defendant R. W. Pressprich & Co., Inc., moves to stay all proceedings in this action pending arbitration of the disputes between the parties.

Plaintiff is the principal stockholder of Coenen & Co., Inc., a broker-dealer and investment banking firm. During the period from July 1968 to July 1969 he was a member of the board of directors of defendant Stirling Homex Corporation, and personally purchased 90,000 shares of its stock...

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