Heath v. President of Gold Exchange
New York Court of Common Pleas
Motion to continue a preliminary injunction. This action was brought by William Heath and others, who were partners in business, and members of the New York Gold Exchange, against John F. Under-hill, President of the Exchange, and others, the members of the Arbitration Committee of that association.
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Motion to continue a preliminary injunction. This action was brought by William Heath and others, who were partners in business, and members of the New York Gold Exchange, against John F. Under-hill, President of the Exchange, and others, the members of the Arbitration Committee of that association. The plaintiffs alleged in their complaint that they were members of the Exchange, and were apprehensive that the defendants would proceed to hear and determine a controversy between themselves and other members of the association, consisting of claims for differences alleged to have arisen out of…
1Opinion of the CourtLoew, J.
As the injunction which was issued in this action has been modified with the consent of the plaintiffs’, so that the officers and members of the Hold Exchange, and the arbitration committee thereof, are now only enjoined and restrained from holding any arbitration in respect to the claims of W. F. Livermore & Co. against the plaintiffs, I shall only consider that point.
By article 7 of the Constitution of the New York Hold Exchange, of which plaintiffs are or were members, it is provided as follows: “The arbitration committee shall consist of a chairman, to be elected annually by ballot, and…
2Cases cited8 opinions
- Austin v. . SearingNew York Court of Appeals · 1857
- Allen v. WatsonNew York Supreme Court · 1819
- Bloomer v. ShermanNew York Court of Chancery · 1836
- Bruce v. President of the Delaware & Hudson Canal Co.New York Supreme Court · 1853
- Gallatin v. Oriental BankNew York Supreme Court · 1858
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