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McMAHAN SECURITIES CO. v. AVIATOR MASTER FUND, LTD.

20 Misc.3d 386 (2008)

862 N.Y.S.2d 747

McMAHAN SECURITIES CO. L.P., Petitioner, v. AVIATOR MASTER FUND, LTD., et al., Respondents.

Supreme Court, New York County.

May 13, 2008.

Attorney(s) appearing for the Case

Squire, Sanders & Dempsey, L.L.P., New York City (Richard L. Mattiaccio of counsel), for petitioner.

Anthony Ostlund & Baer, P.A., Minneapolis, and John B. Ornstein and Gary H. Greenberg, New York City, for respondents.

OPINION OF THE COURT

SHIRLEY WERNER KORNREICH, J.

Petitioner brings this proceeding, pursuant to CPLR 7503, to stay an arbitration claim brought before the National Association of Securities Dealers (NASD). The claim arises out of a private placement transaction for the purchase of securities offered and sold to respondents by nonparties Strategy Real Estate Investments, Ltd. (SREI) and Strategy International Insurance Group, Inc. (SIIG) (collectively Strategy...

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