MATTER OF DUNAY v. WEISGLASS


54 N.Y.2d 25 (1981)

In the Matter of Edward Dunay, Respondent, v. Stephen S. Weisglass et al., Appellants, and Ladenburg, Thalmann, & Co., Inc., Respondent.

Court of Appeals of the State of New York.

Decided October 22, 1981.


Attorney(s) appearing for the Case

Steven J. Glassman and Barry P. Schwartz for appellants.

Richard J. Weisberg and Laurence May for Edward Dunay, respondent.

Chief Judge COOKE and Judges JASEN, GABRIELLI, JONES, WACHTLER and FUCHSBERG concur.


MEYER, J.

Arbitration is required, under both the member-member and the member-nonmember clauses of the arbitration provision of the New York Stock Exchange constitution, of a dispute concerning the ownership of shares in a member corporation obtained by, and held in the name of, an allied member before his membership lapsed, where the parties thereafter demanding arbitration, though not members at any time that...

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