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PRUDENTIAL SECURITIES INC. v. HORNSBY

No. 94 C 1958.

865 F.Supp. 447 (1994)

PRUDENTIAL SECURITIES INCORPORATED, a Delaware corporation and J. Frederic Storaska, Plaintiffs, v. Arthur HORNSBY, Defendant.

United States District Court, N.D. Illinois, Eastern Division.

August 23, 1994.

Attorney(s) appearing for the Case

Miriam Goldman Bahcall, Timothy A. Nelsen, Rawn H. Reinhard, Skadden, Arps, Slate, Meagher & Flom, Chicago, IL, for plaintiffs.

Norman Rifkind, Beigel, Schy, Lasky, Rifkind, Goldberg & Fertik, Chicago, IL, for defendant.

MEMORANDUM OPINION AND ORDER

CONLON, District Judge.

Prudential Securities Incorporated and J. Frederic Storaska ("Prudential") seek declaratory and injunctive relief to enjoin Arthur Hornsby from arbitrating a claim before the National Association of Securities Dealers ("NASD"). Hornsby files a cross-motion to compel arbitration.

BACKGROUND

The essential facts are undisputed. Prudential bought and sold securities for Hornsby...

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