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AHN v. ROONEY, PACE INC.

No. 85 Civ. 3424 (CBM).

624 F.Supp. 368 (1985)

KYUNG SUP AHN, M.C., P.C. Retirement Trust Pension: and Kyung Sup Ahn, as guardian for Anthony Ahn, a minor child, Plaintiffs, v. ROONEY, PACE INC., and Robert Edelstein, Defendants.

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

December 19, 1985.

Attorney(s) appearing for the Case

Haas, Greenstein, Hauser, Sims, Cohen & Gerstein, P.C. by Randall T. Sims, New York City, for plaintiffs.

Regina Felton, New York City, for defendants.

MEMORANDUM OPINION

MOTLEY, Chief Judge.

In this action alleging securities fraud under the Securities and Exchange Act of 1934, and also common law fraud, defendants have moved for a stay pending arbitration. Plaintiff has cross-moved for a determination that there is no basis for arbitration of plaintiffs' claims and for an order declaring defendant's arbitration demand invalid and a nullity. For the reasons that follow, defendants' motion to stay pending...

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