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LIPTON v. SHEARSON

No. 95 Civ. 10955 (DAB).

934 F.Supp. 638 (1996)

Charles LIPTON, Bert Forman, and Judith Mark, Petitioners, v. Smith Barney SHEARSON and Charles Goubeaud, Respondents.

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

August 30, 1996.

Attorney(s) appearing for the Case

Steven Kramer & Assoc., New York City (Steven M. Kramer, of counsel), for Petitioners.

Office of the General Counsel Smith Barney Incorporated, New York City (William A. Hohauser, of counsel), for Respondents.

MEMORANDUM ORDER

BATTS, District Judge.

Petitioners Charles Lipton, Bert Forman, and Judith Mark move pursuant to 9 U.S.C. § 10 to vacate an arbitration award, alleging that the award, issued by NASD arbitrators in favor of Respondents, violates public policy, is arbitrary and capricious, and expresses the arbitrators' manifest disregard for the law. Respondents oppose the motion, and cross-move to dismiss the petition.

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