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BEAR STEARNS & CO. v. N.H. KAROL & ASSOCIATES

No. 89 C 6909.

728 F.Supp. 499 (1989)

BEAR STEARNS & CO., INC., Petitioner, v. N.H. KAROL & ASSOCIATES, LTD., Nathaniel H. Karol, and Liliane L. Karol, Respondents.

United States District Court, N.D. Illinois, E.D.

November 15, 1989.

Attorney(s) appearing for the Case

Jerold S. Solovy, Keith F. Bode and Howard S. Suskin, Jenner & Block, Chicago, Ill., for petitioner.

Robert W. Queeney, McBride Baker & Coles, Chicago, Ill., for respondents.

MEMORANDUM OPINION AND ORDER

ASPEN, District Judge:

Bear Stearns & Co., Inc. has brought a petition for an order directing N.H. Karol & Associates, Ltd., Nathaniel H. Karol and Liliane L. Karol ("Karols") to arbitrate before the National Association of Securities Dealers ("NASD"). The Karols have responded by filing a motion to stay any proceedings related to Bear Stearns' petition. For the reasons given below, we deny the Karols' motion and order...

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