MATTER OF KIDDER, PEABODY & CO., INC. v. SANDERS


91 N.Y.2d 843 (1997)

689 N.E.2d 915

666 N.Y.S.2d 1021

In the Matter of Kidder, Peabody & Co., Inc., Appellant, v. Martin Sanders et al., Respondents. In the Matter of Kidder, Peabody & Co., Inc., Appellant, v. Frederick Dettori et al., Respondents.

Court of Appeals of the State of New York.

Decided December 4, 1997.


Attorney(s) appearing for the Case

Shanley & Fisher, P. C., New York City (Brian F. McDonough and George O. Richardson III of counsel), for appellant.

Deutsch & Lipner, Garden City (Seth E. Lipner of counsel), for respondents.

Chief Judge KAYE and Judges TITONE, BELLACOSA, SMITH, LEVINE, CIPARICK and WESLEY concur.


MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

Respondents, former customers of petitioner Kidder, Peabody & Co., Inc., commenced arbitration proceedings before the American Arbitration Association (AAA) complaining about petitioner's conduct, between 1988 and 1990, in recommending investments in certain limited partnerships. There are no written predispute agreements to arbitrate...

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