Legal Opinion

Dale S. COENEN, Plaintiff-Appellant, v. R. W. PRESSPRICH & CO., Inc., Defendant-Appellee, and Stirling Homex Corporation, Defendant

Court of Appeals for the Second Circuit

Decided January 12, 1972No. 153, Docket 71-1714PublishedCited by 184 opinions

1Opinion of the Court

MEDINA, Circuit Judge:

The question raised by this appeal is the applicability of the arbitration clause contained in the New York Stock Exchange Constitution to a claim which: (1) arose before the plaintiff joined the Stock Exchange; (2) alleges violation of the Securities Exchange Act of 1934; and (3) alleges violation of the Sherman and Clayton Acts. For the reasons that follow we hold that such a claim is subject to arbitration.

In 1968, while a director of Stirling Homex Corporation, Dale S. Coenen purchased 90,000 shares of Stirling Homex stock for investment purposes. The stock…

2Cases cited14 opinions

  1. Wilko v. SwanSupreme Court of the United States · 1953
  2. Silver v. New York Stock ExchangeSupreme Court of the United States · 1963
  3. Robert Lawrence Company, Inc. v. Devonshire Fabrics, Inc.Court of Appeals for the Second Circuit · 1959
  4. Colonial Realty Corporation v. Bache & Co.Court of Appeals for the Second Circuit · 1966
  5. Robert Lawrence Co. v. Devonshire Fabrics, Inc.Supreme Court of the United States · 1960

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3Cited by184 opinions

  1. Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
  2. Mitsubishi Motors Corp. v. Soler Chrysler-Plymouth, Inc.Supreme Court of the United States · 1985
  3. Merrill Lynch, Pierce, Fenner & Smith, Inc. v. WareSupreme Court of the United States · 1973
  4. Manuel KAPLAN; Carol Kaplan; MK Investments, Inc., Appellants, v. FIRST OPTIONS OF CHICAGO, INC., AppelleeCourt of Appeals for the First Circuit · 1994
  5. Fed. Sec. L. Rep. P 92,406 R. Stockton Rush, III v. Oppenheimer & Co., and Scott SeskisCourt of Appeals for the Second Circuit · 1985

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