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SCHER v. BEAR STEARNS & CO., INC.

No. 88 Civ. 7620 (PKL).

723 F.Supp. 211 (1989)

Gerald J. SCHER, Plaintiff, v. BEAR STEARNS & CO., INC. and Lawrence J. Friedlander, Defendants.

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

October 19, 1989.

Attorney(s) appearing for the Case

Schwartzfeld, Ganfer & Shore, New York City (Neal Schwartzfeld, Marc D. Powers, of counsel), for plaintiff.

Stroock & Stroock & Lavan, New York City (Melvin A. Brosterman, Pat S. Conti, of counsel), for defendants.

ORDER & OPINION

LEISURE, District Judge.

This action arises from defendants' alleged mishandling of plaintiff's bond trading account. Plaintiff alleges that defendant, through excessive trading, misrepresentation, and poor trading decisions, caused plaintiff to suffer severe losses in his account.

The first issue before the Court is whether plaintiff's claims must be arbitrated pursuant to a customer agreement that plaintiff signed upon opening...

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