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DETROIT PENSION FUND v. PRUDENTIAL SECURITIES

No. 95-1078.

91 F.3d 26 (1996)

CITY OF DETROIT PENSION FUND; City of Detroit Police and Fireman Pension Fund, Plaintiffs-Appellants, v. PRUDENTIAL SECURITIES INCORPORATED, Defendant-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided July 31, 1996.

Attorney(s) appearing for the Case

Walter L. Baumgardner, Jr. (argued and briefed), Robert N. Wagner, Musilli, Baumgardner, Wagner & Parnell, St. Clair Shores, MI, for Plaintiffs-Appellants.

Gary M. Saretsky (argued and briefed), Hertz, Schram & Satetzky, Bloomfield Hills, MI, for Defendant-Appellee.

Before: NORRIS and SUHRHEINRICH, Circuit Judges; WELLS, District Judge.

ALAN E. NORRIS, Circuit Judge.

Plaintiffs, the City of Detroit Pension Fund and the City of Detroit Police and Fireman Pension Fund (the "Funds"), appeal the judgment of the district court denying their petition to confirm an arbitration award and enjoining further arbitration. The Funds present two questions for review: (1) whether the district court had subject matter jurisdiction; and (2) whether the district court erred...

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