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MATTER OF HAKIMIAN

46 A.D.3d 294 (2007)

847 N.Y.S.2d 184

In the Matter of the Arbitration between KHOSROW HAKIMIAN et al., Appellants, and BEAR STEARNS & CO., INC., Respondent.

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

Decided December 6, 2007.

Petitioner hedge fund investors failed to show that the arbitration panel manifestly disregarded the law when it dismissed their derivative claims for lack of standing (see Bear, Stearns Sec. Corp. v 1109580 Ontario, Inc., 409 F.3d 87 [2d Cir 2005]; Wallace v Buttar, 378 F.3d 182 [2d Cir 2004]). Whether the investors had standing to sue on behalf of the hedge fund, Olympus Partners, L.P., was...

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