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GEICO CORP. v. PENNSYLVANIA POWER & LIGHT CO.

Nos. 86 Civ. 9461 (WCC), 86 Civ. 9947 (WCC) and 86 Civ. 9969 (WCC).

669 F.Supp. 590 (1987)

GEICO CORPORATION, Government Employees Insurance Company and Criterion Insurance Company, Plaintiffs, v. PENNSYLVANIA POWER & LIGHT COMPANY, Defendant. McDONNELL DOUGLAS FINANCE CORPORATION, Plaintiff, v. PENNSYLVANIA POWER & LIGHT COMPANY, Defendant. CNA ASSURANCE COMPANY OF CONNECTICUT, Plaintiff, v. PENNSYLVANIA POWER & LIGHT COMPANY, Defendant.

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

July 2, 1987.

Attorney(s) appearing for the Case

Breed, Abbott & Morgan, New York City, for plaintiff CNA Assur. Co. of Connecticut; David S. Patterson, of counsel.

Winston & Strawn, Chicago, Ill., for plaintiff CNA Assur. Co. of Connecticut; David S. Acker, Thomas R. Bearrows, of counsel.

Reid & Priest, New York City, for defendant Pennsylvania Power & Light Co.; Louis H. Willenken, Peter C. Williams, of counsel.

Cravath, Swaine & Moore, New York City, for plaintiffs GEICO Corp., Government Employees Ins. Co., Criterion Ins. Co., McDonnell Douglas Finance Corp., Peoples Sec. Life Ins. Co., Commonwealth Life Ins. Co. and Nat. Standard Life Ins. Co.; Rory O. Millson, of counsel.

OPINION AND ORDER

WILLIAM C. CONNER, District Judge.

Defendant Pennsylvania Power & Light Company ("PP & L") has moved to stay these actions pending arbitration of plaintiffs' claims and to compel arbitration of plaintiffs' claims pursuant to the parties' contracts. For the reasons outlined below, defendant's motions are denied.

Background

These three related lawsuits involve two privately placed issues of PP & L preferred...

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