VELLA v. ATLANTIC INTERN. FINANCE, INC.

No. 94 Civ. 9059 (LAK).

890 F.Supp. 321 (1995)

Joseph VELLA, et ano., Plaintiffs, v. ATLANTIC INTERNATIONAL FINANCE, INC., et al., Defendants.

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

July 18, 1995.


Attorney(s) appearing for the Case

Philip Gelfand, Stuart G. Schwartz, New York City, for plaintiffs.

Stephen J. Fallon, Mansfield, MA, for defendants Atlantic International Finance, Inc. and James W. Massaro.


MEMORANDUM OPINION

KAPLAN, District Judge.

This is an action pursuant to the federal securities laws and on various State law theories in which plaintiffs claim that they were induced by fraud to enter into a joint venture agreement with defendant Atlantic International Finance, Inc. ("Atlantic") of which defendant James W. Massaro allegedly is president. The joint venture agreement contains a broad arbitration clause.1 Atlantic...

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