FIRST INTERREGIONAL EQUITY CORP. v. HAUGHTON

No. 91 Civ. 0143 (RWS).

842 F.Supp. 105 (1994)

FIRST INTERREGIONAL EQUITY CORPORATION, a New Jersey Corporation, Plaintiff, v. Gabriel F. HAUGHTON, an individual, Gerald H. Cahill, an individual, Victor Lombardi, an individual, Stanley Schwartz, an individual, Merlin Baines & Co., Inc., a Delaware Corporation, Otra Clearing, Inc., a wholly-owned subsidiary of Otra Securities Group, Inc., a Delaware Corporation, John Whiteside, an individual, Hassan Growney Co., formerly doing business as Castleton-Rhodes, Inc., a New York Corporation, Gateway Bank, a Connecticut Corporation, Raymond T. Bogert, an individual, Jules Lipow, an individual, and Warren Schreiber, an individual, Defendants. In the Matter of the Arbitration Between FIRST INTERREGIONAL EQUITY CORPORATION, Claimant, v. OTRA CLEARING, INC., now known as Reynolds Kendrick Stratton, Inc., William R. Stratton, David Phillips and John Whiteside, Respondents.

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

January 24, 1994.


Attorney(s) appearing for the Case

Patterson, Belknap, Webb & Tyler, New York City by Stephen P. Younger, Saul B. Shapiro, of counsel, for plaintiff.

Anderson Kill Olick & Oshinsky, P.C., New York City by Robert M. Horkovich, of counsel, for respondent Otra Clearing, Inc.


OPINION

SWEET, District Judge.

Respondents OTRA Clearing, Inc., John Whiteside, William Stratton, and David Phillips (collectively "OTRA") have moved pursuant to 9 U.S.C. § 10 to vacate an arbitration award entered June 8, 1993 by an arbitrator appointed by the National Association of Securities Dealers, Inc. ("NASD") in the NASD arbitration styled First Interregional Equity Corp. v. OTRA Clearing, et al., Case Number 92-02159. Claimant...

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