TOWER HILL TRADING v. HOWARD, WEIL

Nos. 96-CA-0463 to 96-CA-0465.

687 So.2d 1096 (1997)

In the Matter of the Arbitration between TOWER HILL TRADING CO., LTD. v. HOWARD, WEIL, LABOUISSE, FRIEDRICHS INC., et al. TOWER HILL TRADING CO., LTD. and Raymond M. Fretz, v. HOWARD, WEIL, LABOUISSE, FRIEDRICHS INC., et al. HOWARD, WEIL, LABOUISSE, FRIEDRICHS INC., et al. v. Raymond M. FRETZ.

Court of Appeal of Louisiana, Fourth Circuit.

January 22, 1997.


Attorney(s) appearing for the Case

Salvador Anzelmo, A. Mark Flake, New Orleans, William W. Hall, Metairie, for Appellees Tower Hill Trading Co., Ltd. and Raymond M. Fretz.

Dana N. Pescosolido, Weinberg & Green, L.L.C., Baltimore, MD, Michael H. Ellis, Chehardy, Sherman, Ellis & Breslin, Metairie, for Appellants Howard, Weil, Labouisse, Friedrichs Incorporated, Legg Mason Wood Walker, Incorporated and Legg Mason, Inc.

Before SCHOTT, C.J., and BARRY and LANDRIEU, JJ.


BARRY, Judge.

Defendants appeal a judgment which confirms an arbitration award in favor of Tower Hill Trading Co., Ltd. and Raymond Fretz, sole beneficial owner of Tower Hill (Tower Hill).

On September 19, 1977 Tower Hill signed a contract with Howard, Weil, Labouisse, Friedrichs Inc. when it opened accounts there. The document provided that any controversy arising out of or relating to the contract or a breach thereof would be settled by arbitration and the...

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