REINER v. SCANDINAVIAN CORP.


107 Misc.2d 805 (1980)

Michael D. Reiner et al., Petitioners, v. Scandinavian Securities Corporation, Respondent.

Supreme Court, Special Term, New York County.

Motion to Reargue or Renew, December 29, 1980


Attorney(s) appearing for the Case

Hall, McNicol, Hamilton, Clark & Murray (Edward J. Boyle of counsel), for petitioners. Sullivan & Cromwell (William M. Dallas, Jr., and William C. Lucas of counsel), for respondent.


BENTLEY KASSAL, J.

ISSUE

Petitioners, as an incident of their employment with a member firm of the New York Stock Exchange (NYSE), filed application forms with the NYSE to become registered representatives. The application forms contained language consenting to arbitration of disputes with members of the NYSE or referred to the rules of the NYSE which contain provisions for arbitration. To date, the petitioners have acted only in limited capacities...

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