New York Court of Appeals
In the Matter of Smith Barney Shearson Inc., Appellants v. Jeffrey S. Sacharow, Respondents; In the…
December 4, 199791 N.Y.2d 39
Summary
The New York Court of Appeals affirmed the Appellate Division orders directing arbitration in two securities disputes, holding that NASD Code §15’s six‑year eligibility limitation is a substantive arbitrability issue to be decided by arbitrators, that the parties’ arbitration clause unequivocally commits them to arbitrate such issues, and that the New York choice‑of‑law provision does not curtail that commitment.