Proshares Trust et al v. Steven and Sherri Schnall
| Proshares Trust, Proshare Advisors, LLC, Profunds Distributors, Inc., SEI Investments Distribution Co. and Louis Mark Mayberg |
| Steven and Sherri Schnall |
| 1:2009cv06386 |
| July 16, 2009 |
| US District Court for the Southern District of New York |
| Foley Square Office |
| XX Out of State |
| Sidney H. Stein |
| None |
| 28 U.S.C. ยง 1332 Diversity-Declaratory Judgement |
| None |
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Filing
31
OPINION AND ORDER:#98566 In sum, plaintiffs have not agreed to arbitrate disputes with the Schnalls and there is no basis under the law or FINRA rules to compel plaintiffs to arbitrate the Schnalls' claims.Accordingly, plaintiffs' applicati on for a declaratory judgment that they have no obligation to arbitrate the Schnalls' claims before FINRA is granted and that arbitration is hereby enjoined. SO Ordered (Signed by Judge Sidney H. Stein on 2/18/2010) (js) Modified on 2/19/2010 (eef).
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Filing
13
ORDER (1) plaintiffs' reply to its motion and in opposition to defendants' cross motion to compel arbitration is due on or before 8/7/09; and (2) defendants' reply to their cross motion is due on or before 8/12/09. Set Deadlines/Hearing as to ( Response due by 8/7/2009. Reply due by 8/12/2009.) (Signed by Judge Sidney H. Stein on 8/4/09) (cd)
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