MATTER OF LUBIN & SCHLESINGER, INC.


234 A.D.2d 203 (1996)

651 N.Y.S.2d 502

In the Matter of the Arbitration between Lubin & Schlesinger, Inc., Respondent, and Martin Scheinberg, Appellant. In the Matter of the Arbitration between Michael Lubin et al., Respondents, and Martin Scheinberg, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

December 24, 1996


The arbitration in this matter involved the valuation of respondent's interest as a withdrawing shareholder in petitioner Lubin & Schlesinger, Inc., a subchapter S corporation engaged primarily in stock options trading on the American Stock Exchange ("AMEX"). At issue on this appeal is whether the arbitrators exceeded their authority in joining respondent Mitoric Trading, Inc. ("Mitoric") as a party to the arbitration and in awarding respondent $244,594. Since we find...

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