Michael C. Singer v. Jefferies & Company, Inc.

Summary

The New York Court of Appeals held that the arbitration agreement covering any dispute arising out of the employer's business includes claims stemming from illegal conduct, that the defendants did not waive their right to arbitrate by briefly litigating, and that the claim against Boyd Jefferies is arbitrable under the NASD Code despite neither party being a NASD member. Accordingly, the Court reversed the Appellate Division and reinstated the trial court's order compelling arbitration.