SMITH BARNEY SHEARSON, INC. v. BOONE

Nos. 99174, 94-10031.

47 F.3d 750 (1995)

SMITH BARNEY SHEARSON, INC., Plaintiff-Appellant, v. Warren BOONE, Individually and as Trustee for Watercol Profit Sharing Plan, dated 1/7/80, Defendant-Appellee. SMITH BARNEY SHEARSON, INC., Plaintiff-Appellant, v. Scott G. SHERMAN, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

March 20, 1995.


Attorney(s) appearing for the Case

C.W. Flynn, Bradley W. Foster, Susan L. Karamanian, Locke, Purnell, Rain, Harrell, P.C., Dallas, TX, for appellant in No. 94-9174.

Tracy Pride Stoneman, Mills, Presby & Anderson, Dallas, TX, for appellee in No. 94-9174.

L. Jerome Stanley, Baton Rouge, LA, for amicus curiae Public Investors.

C.W. Flynn, Bradley W. Foster, Locke, Purnell, Rain & Harrell, P.C., Dallas, TX, for appellant in No. 94-10031.

Jonathan T. Suder, Friedman, Young & Suder, Fort Worth, TX, Ron A. Schy, Biegel, Schy, Lasky, Cohen, Rifkind & Hennessey, Chicago, IL, for appellee in No. 94-10031.

Before WISDOM, KING and DUHÉ, Circuit Judges.


WISDOM, Circuit Judge.

In this case, the plaintiff/appellant, Smith Barney Shearson, Inc., a brokerage firm, sought to prevent two former customers, the defendant/appellees, from arbitrating independent grievances before the American Stock Exchange and the National Association of Security Dealers, respectively. Smith Barney Shearson, Inc. filed this action seeking a declaratory judgment stating that the appellees' grievances are not subject to arbitration under the...

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