Larson Wulff & Co. v. Margulies

OPINION OF THE COURT

Beatrice Shainswit, J.

The court is confronted with a direct challenge to the exercise of its equity power. In a case which shrieks for a preliminary injunction, the defendant maintains that the court is handcuffed because he has initiated an arbitration process. As defendant would have it, his serving of a demand *848for arbitration eliminates from judicial scrutiny his blatant rifling of the assets of the partnership from which he had resigned. Whatever and however arbitrators may deal with the controversy submitted for arbitration, this court still sits to invoke judicial…