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GONDAL v. NEW YORK STOCK EXCHANGE

27 A.D.3d 271 (2006)

809 N.Y.S.2d 912

RIZWAN GONDAL et al., Appellants, v. NEW YORK STOCK EXCHANGE et al., Respondents, et al., Defendants.

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

March 9, 2006.

Plaintiffs were properly compelled to arbitrate their claims relating to the service agreement alleging, in essence, that Schwab improperly terminated their use of its trading services. No issues of fact exist as to whether the arbitration clause in the service agreement was induced by fraud (see Baker v Paine, Webber, Jackson & Curtis, Inc., 637 F.Supp. 419, 421 [1986]). Plaintiffs' other claims are either barred by the prior...

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