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  5. 690 F.Supp. 1354 (1988)
 

NICHOLAS A. CALIFANO, M.D. v. SHEARSON LEHMAN BROS.

No. 88 Civ. 2322 (LFM).

690 F.Supp. 1354 (1988)

NICHOLAS A. CALIFANO, M.D., INC., Plaintiff, v. SHEARSON LEHMAN BROTHERS INC. and Kenneth Bolton, Defendants.

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

August 9, 1988.

Attorney(s) appearing for the Case

Shearson Lehman Hutton Inc., Office of General Counsel by Jane E. Booth, New York City, for Shearson Lehman Bros. Inc.

Friedland, Laifer and Robbins by Spencer Robbins, New York City, for Kenneth Bolton.

Weisberg & Berns by David E. Weisberg, New York City, for Nicholas A. Califano, M.D., Inc.

OPINION

MacMAHON, District Judge.

Defendants Shearson Lehman Brothers Inc. ("SLB") and Kenneth Bolton ("Bolton") move for an order staying this action and compelling arbitration, pursuant to the Federal Arbitration Act, 9 U.S.C. §§ 1-14 (1982).

BACKGROUND

This action was brought under federal and state securities laws to recover losses allegedly caused by defendants' unauthorized transfer of plaintiff's holdings to a margin account...

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