Painewebber Inc. v. McAdams

—Judgment of the Supreme Court, New York County (Harold Tompkins, J.), entered on March 16, 1993, which granted petitioners a permanent stay of those portions of an arbitration proceeding which related to investments made prior to January 13, 1986, is reversed, on the law and facts, and the petition dismissed, with costs and disbursements payable by petitioners.

In the early part of 1984, respondent-appellant Irene A. McAdams (McAdams), a resident of Michigan, was solicited to open an account by petitioner-respondent Paul Laszlo (Laszlo), a Michigan account executive employed by the Michigan…