Legal Opinion
Lester v. Basner
District Court, S.D. New York
Decided November 16, 1987No. 86 Civ. 3376 (GLG)PublishedCited by 25 opinions
1Opinion of the Court
MEMORANDUM DECISION
GOETTEL, District Judge.
In this action alleging securities fraud under Rule 10b-5 of the Securities Exchange Act of 1934, defendants move for a stay of trial pending arbitration. For the following reasons, the motion is granted as to defendant Bear Stearns & Co., but is denied as to defendants Malcolm Basner and Woodmere Securities, Inc.
I. FACTS
In 1975 the plaintiff, Jack M. Lester (“Lester”), opened securities accounts with defendant Woodmere Securities, Inc. (“Woodmere”); his registered representative (stockbroker) was defendant Malcolm Basner (“Basner”). At all relevant…
2Cases cited13 opinions
- United Steelworkers v. Warrior & Gulf Navigation Co.Supreme Court of the United States · 1960
- Shearson/American Express Inc. v. McMahonSupreme Court of the United States · 1987
- Port Chester Electrical Construction Corp. v. AtlasNew York Court of Appeals · 1976
- Fed. Sec. L. Rep. P 92,406 R. Stockton Rush, III v. Oppenheimer & Co., and Scott SeskisCourt of Appeals for the Second Circuit · 1985
- Mcallister Brothers, Inc. v. A & S Transportation Co.Court of Appeals for the Second Circuit · 1980
8 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Bridas S.A.P.I.C. v. Government of TurkmenistanCourt of Appeals for the Fifth Circuit · 2003
- McCarthy v. AzureCourt of Appeals for the First Circuit · 1994
- Carol O'COnnOr v. R.F. Lafferty & Company, Inc. And Roy A. FoulkeCourt of Appeals for the Tenth Circuit · 1992
- Dillon v. MilitanoDistrict Court, S.D. New York · 1990
- Everett v. Dickinson & Co., Inc.Colorado Court of Appeals · 1996
20 more not listed; retrieve them via the Exa API.