Legal Opinion
Drexel Burnham Lambert Inc. v. Ruebsamen
New York Supreme Court
Decided February 29, 1988PublishedCited by 1 opinion
1Opinion of the Court
OPINION OF THE COURT
Stephen G. Crane, J.
In this special proceeding the petitioner, a securities broker-dealer, seeks an attachment in aid of arbitration (CPLR 7502 [c]). Respondents cross-move to dismiss for lack of in personam jurisdiction. Petitioner intends to arbitrate with respondents, *885its former customers, who are West German residents, pursuant to the terms of the account agreement among them. The claim is for the debit balance in the account resulting from liquidation of the securities in the account following respondents’ alleged failure to comply with a $300,000 margin call.
A…
2Cases cited6 opinions
- Banco Ambrosiano v. Artoc Bank & Trust Ltd.New York Court of Appeals · 1984
- Haar v. Armendaris Corp.New York Court of Appeals · 1973
- Haar v. Armendaris Corp.Appellate Division of the Supreme Court of the State of New York · 1972
- Drexel Burnham Lambert, Inc. v. D'AngeloDistrict Court, S.D. New York · 1978
- Merrill Lynch, Pierce, Fenner & Smith Inc. v. AlexiouDistrict Court, S.D. New York · 1975
1 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Drexel Burnham Lambert Inc. v. RuebsamenAppellate Division of the Supreme Court of the State of New York · 1988