[DOWNLOAD] "Mcmahan Securities Co. v. Forum Capital Markets L.P" by Second Circuit U.S. Court Of Appeals * Book PDF Kindle ePub Free
eBook details
- Title: Mcmahan Securities Co. v. Forum Capital Markets L.P
- Author : Second Circuit U.S. Court Of Appeals
- Release Date : January 09, 1994
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 73 KB
Description
WALKER, Circuit Judge: This appeal addresses the extent to which parties involved in the securities industry must arbitrate certain disputes surrounding the departure of numerous members of an existing securities firm to start up their own securities firm. Plaintiffs filed a multicount complaint in federal district court alleging that defendants violated various federal and state laws by misappropriating certain of plaintiffs' assets when they left plaintiffs' firm to create their own. Defendants in turn sought to compel arbitration of the disputes pursuant to industry arbitration regulations. The United States District Court for the District of Connecticut (T. F. Gilroy Daly, Judge), approving and adopting a recommendation of the magistrate Judge (Thomas P. Smith, Magistrate Judge), denied defendants' motion to stay the proceedings and compel arbitration, and defendants appealed this order pursuant to 9 U.S.C. § 16. For the reasons that follow, we reverse that order and remand to the district court with instructions to stay the proceedings and direct the parties to proceed to arbitration.
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