695 F. Supp. 756 | S.D.N.Y. | 1988
MEMORANDUM AND ORDER
Defendants Merrill Lynch, Pierce, Fenner & Smith, Inc., (Merrill Lynch) and Sonja Kohn (Kohn) (collectively, defendants) move to dismiss this action or compel its arbitration. Fed.R.Civ.P. 9(b) and 12(b)(6); 9 U.S.C. § 1, et seq. (1982). Because plaintiff Menachem Margalioth now agrees to arbitration, the motion to compel arbitration is granted as unopposed.
In addition, plaintiff asks that this court order defendant Kohn to make herself available for a pre-arbitration deposition. This request is denied. Plaintiff cannot use the federal discovery rules solely in order to amass evidence for use in his arbitration. See Oppenheimer Fund, Inc. v. Sanders, 437 U.S. 340, 352 n. 17, 98 S.Ct. 2380, 2390 n. 17, 57 L.Ed.2d 253 (1978); Penn Tanker Co. of Del. v. CHZ Rolimpex, Warszawa, 199 F.Supp. 716 (S.D.N.Y. 1961).
Normally, under 9 U.S.C. § 3 (1982), a court would stay proceedings pending the conclusion of the arbitration. E.g. Interstate Sec. Corp. v. Siegel, 676 F.Supp. 54 (S.D.N.Y.1988). However, in the present case, none of plaintiff’s claims remain to be resolved by this court, and therefore there is no reason to stay these proceedings pending the arbitrator’s decision. Accordingly, this action is dismissed with leave to reopen following the completion of the arbitration proceedings, on motion of either party. Bernstein v. Centaur Ins. Co., 644 F.Supp. 1361, 1371 (S.D.N.Y.1986).
SO ORDERED.
. Plaintiffs choice of the National Association of Securities Dealers (NASD) as arbitrator should be given effect, as plaintiff was the first to comply with the parties' agreements on how
. See note 1, supra.