In the Matter of the Arbitration Between Knickerbocker Agency, Inc., Appellants, and Leffert Holz…

Summary

The New York Court of Appeals affirmed the Appellate Division, holding that the Supreme Court has exclusive jurisdiction over claims involving an insolvent insurance company, including claims by the liquidator against alleged debtors, and therefore the arbitration clause in the agency contract is unenforceable. Justice Desmond dissented, arguing that the arbitration agreement should be enforced.