HARRIS v. HAYDEN STONE


102 Misc.2d 635 (1980)

Jack Harris et al., Plaintiffs, v. Shearson Hayden Stone, Inc., Defendant.

Supreme Court, Special Term, New York County.

January 17, 1980.


Attorney(s) appearing for the Case

Willkie Farr & Gallagher (Chester J. Straub, Francis J. Menton & Joseph T. Baio of counsel), for defendant. Northrop & Jessop (Leon S. Harris of counsel), for plaintiffs.


ANTHONY J. MERCORELLA, J.

Motion by defendant to compel arbitration and to stay this action is granted.

Cross motion by plaintiff to stay arbitration is denied.

Plaintiffs bring this purported class action for an accounting, payment of damages and injunctive relief based upon two causes for the alleged retention of customers' accounts without payment of interest and the remitting of funds by checks drawn on out-of-State banks.

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