KRONFELD v. ADVEST, INC.

Nos. 85 Civ. 4673 (LFM), 86 Civ. 4644 (LFM).

675 F.Supp. 1449 (1987)

Arthur I. KRONFELD et al., Plaintiffs, v. ADVEST, INC. et al., Defendants. Stanley I. KIRWIN et al., Plaintiffs, v. ADVEST, INC. et al., Defendants.

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

December 23, 1987.


Attorney(s) appearing for the Case

Cohen, Milstein & Hausfeld, Washington, D.C. by Herbert E. Milstein, Michael D. Hausfeld and Lisa M. Mezzetti, Murray, Hollander, Sullivan & Bass, New York City by Daniel J. Sullivan, for plaintiffs.

Harvis & Zeichner, New York City by Stuart A. Krause, for defendant McLaughlin, Piven, Vogel Inc.

Rogers & Wells, New York City by Richard A. Cirillo, Joseph A. Post and Donald P. Alexander, for defendants Merrill Lynch, Pierce, Fenner & Smith Inc., Dean Witter Reynolds, Inc., Bear, Stearns & Co. and Bacon Whipple & Co.

Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, New York City by Harvey D. Myerson, Lloyd S. Clareman and Mark E. Segall, for defendants Shearson Lehman Bros. Inc., Foster & Marshall, Inc. and The Robinson-Humphrey Co., Inc.

Weil, Gotshal & Manges, New York City by Joseph S. Allerhand, Jenner & Block, Chicago, Ill. by Jerold S. Solovy, Keith F. Bode and Howard S. Suskin, for defendant Clayton Brown & Associates, Inc.

Pickard and Djinis, Washington, D.C. by Anthony W. Djinis, Zuckerbrod & Taubenfeld, Cedarhurst, N.Y., by Martin Zuckerbrod, for defendant David Lerner Associates, Inc.


OPINION

MacMAHON, District Judge.

Defendants move:

(1) to compel certain plaintiffs to arbitrate their claims against the defendants, pursuant to the Federal Arbitration Act, 9 U.S.C. § 3 (1970);

(2) to dismiss the amended complaints, pursuant to Fed.R.Civ.P. 9(b), for failure to plead fraud with sufficient particularity;

(3) to dismiss the amended complaints, pursuant to Fed.R.Civ...

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