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GONICK v. DREXEL BURNHAM LAMBERT, INC.

No. C-88-0517 MHP.

711 F.Supp. 981 (1988)

Harry GONICK and Eleanor Gonick, Plaintiffs, v. DREXEL BURNHAM LAMBERT INCORPORATED and Does 1 through 10, inclusive, Defendants.

United States District Court, N.D. California.

December 12, 1988.

Attorney(s) appearing for the Case

Michael J. Lawson and Laura R. Kenney of Steefel, Levitt & Weiss, San Francisco, Cal., for Drexel Burnham Lambert Inc.

Brian McCarthy of McCarthy, Leonard & Spain, Dublin, Cal., for plaintiffs Harry and Eleanor Gonick.

MEMORANDUM AND ORDER

PATEL, District Judge.

Plaintiffs brought this action against their stock brokerage firm, Drexel Burnham Lambert Incorporated ("Drexel"), alleging violation of the antifraud provisions of the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq., and asserting several pendent state claims. The action is now before the court on defendant Drexel's motion to compel arbitration, to stay these proceedings pending completion of arbitration...

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