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  5. 762 F.Supp. 596 (1991)
 

SANDVIK, INC. v. LIBBY

No. 90 Civ. 6989 (JES).

762 F.Supp. 596 (1991)

SANDVIK, INC., Plaintiff, v. Henry G. LIBBY, Defendant.

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

April 26, 1991.

Attorney(s) appearing for the Case

Carter, Ledyard & Milburn, New York City (Robert R. Salman, Beth D. Jacob, Robert C. Malaby, of counsel), for plaintiff.

Kreindler & Relkin, P.C., New York City (Donald L. Kreindler, Jody S. Layne, of counsel), for defendant.

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge.

Plaintiff in the above-captioned action moves for a preliminary injunction staying an arbitration proceeding initiated by the defendant. The defendant cross-moves to stay the action in favor of arbitration. For the reasons that follow, the plaintiff's motion is denied and the defendant's cross-motion is granted.

FACTS

From 1976 to 1982, Sandvik, Inc. ("Sandvik") owned a manufacturing...

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