Cantor Fitzgerald Partners v. Municipal Partners, LLC

Order, Supreme Court, New York County (Herman Cahn, J.), entered April 11, 2003, which denied petitioners’ motion to stay arbitration and granted respondent’s cross motion to compel arbitration, unanimously affirmed, with costs.

Petitioners contend that the dispute over fees and offsets for reimbursable overhead expenses, pursuant to the terms of the contract governing the business relationship of the parties, occurred during a period when respondent was not a member of the National Association of Securities Dealers (NASD), thus precluding arbitration. To the extent respondent challenged…