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Williamson v. Lipper

Appellate Division of the Supreme Court of New York, First Department
Feb 5, 2008
48 A.D.3d 216 (N.Y. App. Div. 2008)

Opinion

February 5, 2008.

Order, Supreme Court, New York County (Karla Moskowitz, J.), entered April 28, 2006, which granted defendant's motion to stay the action and compel arbitration, unanimously affirmed, without costs.

Before: Lippman, P.J., Mazzarelli, Friedman and Sweeny, JJ.


The trustee, although not a party to the agreement, is bound by the arbitration clause in the Lipper Convertibles limited partnership agreement signed by the general partner and the limited partners. We note that the agreement specifically contemplates liquidation and the appointment of a trustee, and its broad arbitration clause does not exclude claims brought in such capacity. The claims brought on behalf of Lipper Fixed Income Fund, whose own agreement lacks an arbitration clause, are also subject to arbitration, since such interrelated claims are brought in its capacity as a limited partner in Lipper Convertibles ( cf. Rosenbach v Diversified Group, Inc., 39 AD3d 271).

[ See 2006 NY Slip Op 30297(U).]


Summaries of

Williamson v. Lipper

Appellate Division of the Supreme Court of New York, First Department
Feb 5, 2008
48 A.D.3d 216 (N.Y. App. Div. 2008)
Case details for

Williamson v. Lipper

Case Details

Full title:RICHARD A. WILLIAMSON, as Successor Liquidating Trustee on Behalf of…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Feb 5, 2008

Citations

48 A.D.3d 216 (N.Y. App. Div. 2008)
849 N.Y.S.2d 775