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MATTER OF MPG CAPITAL CORP. v. NICK

56 N.Y.2d 515 (1982)

In the Matter of MPG Capital Corp. et al., Respondents, v. Norman W. Nick, Appellant.

Court of Appeals of the State of New York.

Decided March 23, 1982.

Attorney(s) appearing for the Case

Vito C. Casoni, Irwin R. Gilbert and Donn A. Randall for appellant.

David N. Ellenhorn, Bruce S. Kaplan and Pamela R. Winnick for respondent.

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

MEMORANDUM.

The order of the Appellate Division should be reversed, with costs, and the judgment of Supreme Court, New York County, reinstated.

The parties on this appeal having entered into an arbitration agreement contained in the Code of the National Association of Securities Dealers, Inc. (NASD), which at all times provided, among other things, that "[t]he arbitrators shall be empowered to interpret and determine...

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