Opinion ID: 2747291
Heading Depth: 3
Heading Rank: 2

Heading: NASDAQ’s Declaratory Judgment Action

Text: In lieu of an answer to UBS’s demand for arbitration, on April 4, 2013, NASDAQ filed this action in the Southern District of New York seeking declaratory and injunctive relief. On April 16, NASDAQ moved preliminarily to enjoin UBS from proceeding with arbitration. UBS promptly cross‐moved to dismiss NASDAQ’s complaint and opposed the preliminary injunction motion. 14 On June 18, 2013, the district court granted NASDAQ’s motion for a preliminary injunction and denied UBS’s cross‐motion to dismiss. See NASDAQ OMX Grp., Inc. v. UBS Sec. LLC, 957 F. Supp. 2d at 407. UBS timely filed this appeal.