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MATTER OF AMERICORP SEC., INC. v. SAGER

239 A.D.2d 115 (1997)

656 N.Y.S.2d 762

In the Matter of Americorp Securities, Inc., Respondent, v. Felicia Sager et al., Appellants

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

May 1, 1997

The motion to stay arbitration of the claims for punitive damages and attorneys' fees was improperly granted because the parties' arbitration agreement did not unequivocally exclude such relief, but rather implied that these claims were arbitrable (see, Mulder v Donaldson, Lufkin & Jenrette, 224 A.D.2d 125; Matter of Layne Constr. [Stratton Oakmont], 228...

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