Legal Opinion

Corey v. New York Stock Exchange

District Court, W.D. Michigan

Decided May 15, 1980No. G78-672 CA5PublishedCited by 12 opinions

1Opinion of the Court

OPINION

DOUGLAS W. HILLMAN, District Judge.

The plaintiff, George Corey, Trustee for George Corey Trust Fund, has initiated this civil action seeking punitive damages from the New York Stock Exchange (hereinafter “NYSE”), due to alleged irregularities in an arbitration proceeding sponsored by the defendant. The defendant has moved for summary judgment on grounds of arbitral immunity, failure to state a claim, and collateral estoppel. For the reasons that follow, I grant that motion.

THE FACTS

Beginning in 1965, plaintiff began to invest in the stock market, having retired from and disposing of…

2Cases cited20 opinions

  1. Blonder-Tongue Laboratories, Inc. v. University of Illinois FoundationSupreme Court of the United States · 1971
  2. Coenen v. R. W. Pressprich & Co.Supreme Court of the United States · 1972
  3. Dale S. COENEN, Plaintiff-Appellant, v. R. W. PRESSPRICH & CO., Inc., Defendant-Appellee, and Stirling Homex Corporation, DefendantCourt of Appeals for the Second Circuit · 1972
  4. The Poster Exchange, Inc. v. National Screen Service Corporation, Columbia Pictures Corp.Court of Appeals for the Fifth Circuit · 1975
  5. Abdallah W. Tamari v. William P. Conrad, Jr., and Bache Halsey Stuart, Inc. (Formerly Bache & Co. Incorporated), Intervenor-AppelleeCourt of Appeals for the Seventh Circuit · 1977

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3Cited by12 opinions

  1. Smith Barney, Harris Upham & Co. v. LuckieNew York Court of Appeals · 1995
  2. George Corey, Trust Fund v. New York Stock ExchangeCourt of Appeals for the Sixth Circuit · 1982
  3. Barbier v. Shearson Lehman Hutton Inc.Court of Appeals for the Second Circuit · 1991
  4. Willis v. Shearson/American Express, Inc.District Court, M.D. North Carolina · 1983
  5. International Union, United Automobile, Aerospace, & Agricultural Implement Workers & Its Locals 656 & 985 v. Greyhound Lines, Inc.Court of Appeals for the Sixth Circuit · 1983

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