NOMURA SEC INTL v. CIBC WORLD


8 Misc.3d 638 (2005)

NOMURA SECURITIES INTERNATIONAL, INC., Plaintiff, v. CIBC WORLD MARKETS CORPORATION, Defendant.

Supreme Court, New York County.

May 10, 2005.


Attorney(s) appearing for the Case

Daniel S. Cahill, New York City, for petitioner.

Lloyd S. Clareman, New York City, for respondent.


OPINION OF THE COURT

HAROLD B. BEELER, J.

Petitioner Nomura Securities International, Inc. (NSI) moves for a permanent stay of arbitration pursuant to CPLR article 75. The critical issue raised by the motion is whether the timeliness of the arbitration claim of respondent CIBC World Markets Corporation should be determined by this court or by the arbitrator.

Facts

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