First Citizens Municipal Corp. v. Pershing Division of Donaldson, Lufkin & Jenrette Securities Corp.

ORDER

ROBERT H. HALL, District Judge.

Before this court is an action brought by First Citizens Municipal Corporation (hereinafter “First Citizens”), a corporate securities dealer, and Michael Siemer, the sole stockholder and Chairman of the Board of First Citizens. The underlying dispute involves the performance by defendant Pershing Division of Donaldson, Lufkin and Jenrette Securities Corporation (hereinafter “DLJ”) of certain clearing and accounting services for First Citizens’ securities transactions. DLJ contends that First Citizens is required to submit this dispute to arbitration by the…