Legal Opinion
In re the Arbitration between Hakimian & Bear Stearns & Co.
Appellate Division of the Supreme Court of the State of New York
Decided December 6, 2007PublishedCited by 1 opinion
1Opinion of the Court
*295Judgment, Supreme Court, New York County (Sheila AbdusSalaam, J.), entered November 28, 2006, denying the petition to vacate an arbitration award and granting respondent’s cross motion to confirm the award and dismiss this proceeding, unanimously affirmed, with costs.
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 F3d 87 [2d Cir 2005]; Wallace v Buttar, 378 F3d 182 [2d Cir 2004]). Whether the investors had standing…
2Cases cited8 opinions
- Stone v. RitterSupreme Court of Delaware · 2006
- Michael E. Wallace, David Jacaruso and Joseph Scotti v. Daljit S. Buttar and Paramjit Buttar, Robert Winston, AdditionalCourt of Appeals for the Second Circuit · 2004
- Bear, Stearns & Co., Inc., Bear, Stearns Securities Corp., and Richard Harriton v. 1109580 Ontario, Inc., Docket No. 04-3632-CvCourt of Appeals for the Second Circuit · 2005
- Alabama By-Products Corp. v. Cede & Co. Ex Rel. Shearson Lehman Bros.Supreme Court of Delaware · 1995
- Tenney v. RosenthalNew York Court of Appeals · 1959
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3Cited by1 opinion
- AMF Trust Ventures LLC v. i80 Group LLCAppellate Division of the Supreme Court of the State of New York · 2026