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http://nycourts.law.com/CourtDocumentViewer.asp?view=Document&docID=47159 Judge Cote PLAINTIFF CORPORATION moved for a declaratory judgment that it has no legal obligation to arbitrate claims arising out of defendant’s dealings with Bluestone Capital Corp., which was defendant’s broker before plaintiff purchased Bluestone. Plaintiff asserted that defendant was not its “customer” before it acquired Bluestone in 2001. The court partly granted plaintiff’s motion for a declaratory judgment, finding plaintiff has no obligation to arbitrate defendant’s claims for the period before the date upon which it acquired Bluestone. The court held that defendant cannot, under the theory that she was once plaintiff’s customer, compel plaintiff to arbitrate her losses stemming from activity in her account before plaintiff acquired the account. The court found, however, that plaintiff must arbitrate claims regarding the managing of defendant’s IRA account from the date she became a customer of plaintiff, when plaintiff acquired Bluestone, to the time her IRA account was transferred elsewhere.

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