Cendant Corp. v. Forbes

MEMORANDUM

RAKOFF, District Judge.

This Memorandum will briefly state the reasons for the Court’s Order of October 18, 1999, which stayed this action pending the Court of Appeals’ determination of respondent Forbes’ appeal from this Court’s previous orders of September 13, 1999 and October 8,1999.

Full familiarity with all prior proceedings is here presumed. Put succinctly, the Court previously denied Forbes’ motion for a stay of this action pending arbitration because the Court concluded that no aspect of the determination by petitioner Cendant Corporation’s Audit Committee that Forbes owed…