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MERRILL LYNCH v. AINSWORTH

No. 93-02272.

630 So.2d 1145 (1993)

MERRILL LYNCH, PIERCE, FENNER, AND SMITH, INC., Petitioners, v. Francis E. AINSWORTH; Patrick Albert; Harold O. and Evelyn M. Bailey; Raymond J. Brown; Carole K. Costa; Eugene W. Garges, Jr.; and Howard Goldstein, M.D.; Byron S. and Rita M. Hancock; Patsy Kay Jackson, Trustee; Hugh J. Lattomus, Trustee; M. Lewis Laurence and Marlene J. Laurence, Trustees; Harold W. Talbott, Trustee; and Jack A. Taylor, Respondents.

District Court of Appeal of Florida, Second District.

November 17, 1993.

Attorney(s) appearing for the Case

Burton W. Wiand and Hala A. Sandridge of Fowler, White, Gillen, Boggs, Villareal and Banker, P.A., Tampa, for petitioners.

John P. Graves, Jr., Sarasota, for respondents.

PER CURIAM.

Merrill Lynch, Pierce, Fenner & Smith, Inc. (Merrill Lynch), petitions this court for a writ of certiorari to quash an order denying a stay or abatement of this action. We grant the petition.

The respondents invested in various limited partnerships through Merrill Lynch. These customers initially instituted arbitration proceedings against Merrill Lynch with the National Association of Securities Dealers, Inc. (NASD), alleging fraud in the sale...

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