Pacific Brokerage Services, Inc. v. National Financial Services Corp.

MEMORANDUM OPINION AND ORDER

ASPEN, District Judge:

Plaintiff Pacific Brokerage Services, Inc. brings this declaratory judgment action against defendant National Financial Service Corporation (NFSC), seeking a declaration that NFSC is time-barred from proceeding with its arbitration claim against Pacific. Presently before the court is NFSC’s motion to stay or dismiss Pacific’s claim and compel arbitration. For the reasons set forth below, we grant NFSC’s motion and dismiss this action pending arbitration.

I. Background

Both Pacific and NFSC are registered securities broker-dealers and members of…