Case Name: In the Matter of Paine Webber, Incorporated, Appellant, v. Estate of Florence D. Ladd, Deceased, Respondent
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1995-04-20
Citations: 214 A.D.2d 461
Docket Number: 
Parties: In the Matter of Paine Webber, Incorporated, Appellant, v Estate of Florence D. Ladd, Deceased, Respondent.
Judges: 
Reporter: Appellate Division Reports
Volume: 214
Pages: 461–461

Head Matter:
In the Matter of Paine Webber, Incorporated, Appellant, v Estate of Florence D. Ladd, Deceased, Respondent.
[625 NYS2d 900]

Opinion:
Judgment, Supreme Court, New York County (Jane Solomon, J.), entered on or about October 26, 1994, which, insofar as appealed from, denied the petition to permanently stay arbitration, unanimously affirmed, with costs.
While petitioner argues that respondent is bound to arbitrate its dispute before the National Association of Security Dealers, Inc. (the securities exchange where the respondent initially chose to bring its claims before it entered into the stipulation with petitioner withdrawing that submission "in its entirety and without prejudice"), since the stipulation restored the parties to the status quo ante, respondent was free to make a second demand for arbitration under the rules of any of the other exchanges enumerated in the pre-dispute agreement. Concur—Sullivan J. P., Ellerin, Wallach, Asch and Williams, JJ.