Atlantic Investment Management, LLC v. Millennium Fund I, Ltd.

MEMORANDUM OPINION AND ORDER

SCHENIKER, United States Magistrate Judge.

In the year 2000, the plaintiffs and one of the defendants, Michael Coglianese, became involved in a dispute regarding Mr. Coglia-nese’s work for Atlantic as an accountant in some securities transactions. Mr. Coglianese brought a claim against plaintiffs before an arbitration board of the National Futures Association (“NFA”). Plaintiffs sought leave to file a counterclaim and third-party claim against Mr. Coglianese and certain other defendants in this case (Millennium and Global) in the NFA proceeding. In their motion…