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J.P. MORGAN SEC. v. LOUISIANA CITIZENS PROP. INS.

No. 10 Civ. 2517(SAS).

712 F.Supp.2d 70 (2010)

J.P. MORGAN SECURITIES INC. and Bear, Stearns & Co. Inc. (n/k/a J.P. Morgan Securities Inc.), Plaintiffs, v. LOUISIANA CITIZENS PROPERTY INSURANCE CORPORATION, Defendant.

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

May 3, 2010.

Attorney(s) appearing for the Case

Thomas C. Rice, Esq., Jonathan K. Youngwood, Esq., Simpson Thacher & Bartlett LLP, New York, NY, for Plaintiffs.

Jason W. Burge, Esq., Loretta G. Mince, Esq., James Richard Swanson, Esq., Fishman Haygood Phelps Walmsley, Willis & Swanson, LLP, New Orleans, LA, Daniel Eric Shaw, Esq., Schindler Cohen & Hochman, New York, NY, for Defendant.

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

I. INTRODUCTION

J.P. Morgan Securities Inc. ("JP Morgan") and Bear, Steams & Co. Inc. ("Bear Steams") bring this action to enjoin an arbitration brought by Louisiana Citizens Property Insurance Corporation ("Citizens") with the Financial Industry Regulatory Authority ("FINRA"). In that arbitration proceeding—which is scheduled to be heard in New Orleans, Louisiana—Citizens...

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