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RUST v. DREXEL FIRESTONE INC.

No. 72 Civ. 2824.

352 F.Supp. 715 (1972)

William P. RUST, Plaintiff, v. DREXEL FIRESTONE INC., Defendant.

United States District Court, S. D. New York.

December 19, 1972.

Attorney(s) appearing for the Case

William P. Ford, New York City, for plaintiff.

Davis, Polk & Wardwell, New York City, for defendant; Philip C. Potter, Jr., Steven F. Goldstone, New York City, of counsel.

OPINION

EDWARD WEINFELD, District Judge.

Plaintiff commenced this action against defendant, an investment banker and a member of the New York Stock Exchange (hereafter the Exchange), for the recovery of commissions and other compensation allegedly due him for the sale of corporate bonds while in the defendant's employ. The defendant now moves to stay the action until arbitration shall be had in accordance with the Constitution and Rules of the Exchange,...

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