Lester v. Basner

How courts have described this case

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

• refusing to find an obligation to arbitrate under a third-party beneficiary theory when the contract itself \is silent as to whether [its] terms\ apply to the purported third-party beneficiaries
• Introducing broker cannot rely on agency theory to enforce the arbitration provision where there is an express disclaimer of agen cy theory coupled with case law establishing the separateness of the introducing and clearing brokers
• since no intent to make defendants third party beneficiaries shown, they were merely incidental beneficiaries
• clearing broker is not the agent of introducing broker

Source: CourtListener parenthetical corpus (CC0).