Lehman Bros. Inc. v. CERTIFIED REPORTING

MEMORANDUM OPINION AND ORDER

CASTILLO, District Judge.

Defendants are investors 1 who originally sought to arbitrate before the New York Stock Exchange (“NYSE”) their claims against plaintiff Lehman Brothers. Investors alleged in their arbitration Statement of Claim (“Arbitration Claim”) that Lehman disseminated false and misleading information inducing them to purchase grossly overvalued stock. In response, Lehman brought this action in federal district court. Lehman’s complaint requests preliminary and permanent 2 injunctive relief barring Investors from arbitrating certain of their claims,…