Louisiana Stadium & Exposition District v. Merrill Lynch, Pierce, Fenner & Smith Inc.
Court of Appeals for the Second Circuit
1Opinion of the Court
JOSÉ A. CABRANES, Circuit Judge:
Plaintiffs-appellants Louisiana Stadium & Exposition District and the State of Louisiana (collectively, “LSED”) appeal from an order of the United States District Court for the Southern District of New York (Loretta A. Preska, Chief Judge), denying their motion to compel arbitration in their dispute with defendants-appellees Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPFS”) and Merrill Lynch & Co., Inc. (jointly, “defendants”). Assuming for the argument that LSED possessed a right to arbitration, the District Court held that LSED had waived that…
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