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ALLIED SANITATION v. WASTE MANAGEMENT HOLDINGS

No. 00-MISC-021.

97 F.Supp.2d 320 (2000)

ALLIED SANITATION, INC., Star Recycling, Inc., Resource N.E., Inc., Resource N.E. of Long Island, Inc., Anthony Lomangino, Frances Gusmano, Leo Lomangino, Michael Vecchio, Joseph Vecchio, William Kaiser, Petitioners, v. WASTE MANAGEMENT HOLDINGS, INC., Respondent.

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

May 23, 2000.

Attorney(s) appearing for the Case

Anthony M. Radice, Morrison & Foerster LLP, New York City, for petitioners.

William P. Frank, Skadden, Arps, Slate, Meagher & Flom LLP, New York City, for respondent.

MEMORANDUM AND ORDER

BLOCK, District Judge.

Invoking diversity jurisdiction, petitioners (collectively "the Resource Group"), who are members of a class of plaintiffs suing respondent Waste Management Holdings, Inc. ("Waste Management") for misrepresenting its financial statements in the course of acquiring the class members' assets in exchange for Waste Management common stock, bring this proceeding pursuant to § 4 of the Federal Arbitration Act (...

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