GIRARD v. DREXEL BURNHAM LAMBERT, INC.

No. 86-2026.

805 F.2d 607 (1986)

Louis GIRARD, et al., Plaintiffs-Appellees, v. DREXEL BURNHAM LAMBERT, INC., et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

December 12, 1986.


Attorney(s) appearing for the Case

Richard L. Josephson, Baker & Botts, Houston, Tex., for defendants-appellants.

David T. Maddox, Calvin, Dylewski, Gibbs, Maddox, Russell & Sharks, Scott L. Franck, Houston, Tex., for plaintiffs-appellees.

Before GEE and HILL, Circuit Judges, and HUNTER, District Judge.


ROBERT MADDEN HILL, Circuit Judge:

This case involves the much-litigated question of whether claims brought under the Securities Exchange Act of 1934 and the Racketeering Influenced and Corrupt Organizations Act (RICO) are arbitrable. The district court held that both types of claims were nonarbitrable. In addition, the district court refused to stay litigation pending the arbitration of state claims arising from the securities transactions involved in this case....

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