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KALALI v. PRUDENTIAL-BACHE SECURITIES, INC.

Civ. A. No. 85-3237.

637 F.Supp. 1131 (1986)

Reza Amir KALALI, et al., Plaintiffs, v. PRUDENTIAL-BACHE SECURITIES, INC. and Charles Zandford, Defendants.

United States District Court, District of Columbia.

June 30, 1986.

Attorney(s) appearing for the Case

Richard A. Frank of Wald, Harkrader & Ross, Washington, D.C., for plaintiffs Reza Amir Kalali and Parviz Gohari.

Frederick D. Greco, McLean, Va., for defendant Prudential-Bache Securities.

John L. Seibel, Bernstein & Seibel, Bethesda, Md., for defendant Charles Zandford.

INTRODUCTION

CHARLES R. RICHEY, District Judge.

The Court has before it the defendant Prudential-Bache's Motion for Reconsideration of the Court's ruling from the bench on April 18, 1986, denying the defendant's Petition for Arbitration and Motion for Stay of Proceedings.

Plaintiffs in the above-entitled cause are two Iranian citizens who do not read or write English and, according to the Complaint, had never traded securities prior to leaving Iran...

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