Kyung Sup Ahn, M.C., P.C. v. Rooney, Pace Inc.
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM OPINION
MOTLEY, Chief Judge.
In this action alleging securities fraud under the Securities and Exchange Act of 1934, and also common law fraud, defendants have moved for a stay pending arbitration. Plaintiff has cross-moved for a determination that there is no basis for arbitration of plaintiffs’ claims and for an order declaring defendant’s arbitration demand invalid and a nullity. For the reasons that follow, defendants’ motion to stay pending arbitration is denied, and correspondingly, plaintiffs’ motion is granted.
Facts
In 1980 plaintiff Kyung Sup Ahn, an individual wishing to set…
2Cases cited13 opinions
- United Steelworkers v. Warrior & Gulf Navigation Co.Supreme Court of the United States · 1960
- Mitsubishi Motors Corp. v. Soler Chrysler-Plymouth, Inc.Supreme Court of the United States · 1985
- Dean Witter Reynolds Inc. v. ByrdSupreme Court of the United States · 1985
- Port Chester Electrical Construction Corp. v. AtlasNew York Court of Appeals · 1976
- Meese v. MillerAppellate Division of the Supreme Court of the State of New York · 1981
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- National Union Fire Insurance v. DeloachDistrict Court, S.D. New York · 1989
- Basic Books, Inc. v. Kinko's Graphics Corp.District Court, S.D. New York · 1991
- Thomas S. McPheeters III v. McGinn Smith and Company, Inc. Robert O. O'Farrell and David SmithCourt of Appeals for the Second Circuit · 1992
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