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Spaz Beverage Company Defined Benefit Pension Plan v. Steven Douglas

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA


August 4, 2011

SPAZ BEVERAGE COMPANY DEFINED BENEFIT PENSION PLAN, ROBERT SPAZIANI, AS TRUSTEE OF THE SPAZ BEVERAGE COMPANY DEFINED PENSION PLAN, AND AS A PARTICIPANT IN THE SPAZ BEVERAGE COMPANY DEFINED BENEFIT PENSION PLAN, PLAINTIFFS,
v.
STEVEN DOUGLAS, 1ST GLOBAL ADVISORS, INC., 1ST GLOBAL CAPITAL CORPORATION, AND 1ST GLOBAL CAPITAL ADVISORS, DEFENDANTS.

The opinion of the court was delivered by: Ronald L. Buckwalter, S.J.

ORDER

AND NOW, this 4th day of August, 2011, upon consideration of the Motion by Defendants Steven Douglas, 1st Global Advisors, Inc., 1st Global Capital Corporation, and 1st Global Capital Advisors to Stay this Action and Compel Arbitration (Docket No. 3), the Response in Opposition by Plaintiffs Spaz Beverage Company Defined Benefit Pension Plan and Robert Spaziani, as Trustee and Participant of the Plan (Docket No. 5), and Defendants' Reply (Docket No. 9), it is hereby ORDERED follows:

1. Defendants' Motion to Stay this Action and Compel Arbitration (Docket No. 3) is GRANTED;

2. This action is STAYED in its entirety;

3. Plaintiffs are ORDERED to submit this dispute to arbitration before either the American Arbitration Association or the Financial Industry Regulatory Authority.

It is so ORDERED.

BY THE COURT:

Ronald L. Buckwalter

20110804

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