Dale S. COENEN, Plaintiff-Appellant, v. R. W. PRESSPRICH & CO., Inc., Defendant-Appellee, and Stirling Homex Corporation, Defendant

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the arbitration provision of the New York Stock Exchange Rules applied to actions predating the agreement because the contract stated that it governed “any controversy” between the parties
• holding arbitration clause applied retroactively because “[h]ad those who drafted the clause intended otherwise they doubtless would have used language plainly stating that ‘any future controversy’ ” would be subject to arbitration
• relying on statement in application of officer of NYSE exchange member to be admitted to “allied” membership under NYSE rules
• since member signed pledge to obey NYSE Rules, court had “no doubt” that member had agreed to arbitrate
• broad construction of arbitration provisions is “entirely consistent with congressional grant of power to Stock Exchanges to govern themselves”
• membership application requiring signatory to abide by exchange rules shows consent to arbitrate

Source: CourtListener parenthetical corpus (CC0).