Isaacson v. Hayden, Stone Incorporated

POLLACK, District Judge:

Defendant moves to compel plaintiff to submit this controversy to arbitration and for a stay meanwhile of this action.

Plaintiff, while an allied member of the New York Stock Exchange, acquired shares of stock in the defendant, a member of the New York Stock Exchange. Plaintiff served as a Vice-President and as Treasurer of defendant from August, 1966 until October 13, 1969, when he resigned. He also served as a member of defendant’s Board of Directors and Executive Committee. He purchased the share interest in defendant which is the basis of this suit, while he was an…