Illinois Appellate Court
Criminal Court
Arbitration
Seven siblings owned several family businesses together; six siblings entered into a share purchase agreement with company. Agreement contained mandatory arbitration provision. Final arbitration award of $6.989 million in favor of trust was confirmed by court, which entered judgment in favor of trust and against company. Arbitrator did not exceed the scope of his authority, as arbitration award did not interpret the rights and responsibilities of the individual siblings under a Contribution Agreement, but found that there was no evidence of indebtedness to any member of group. Company did not meet its burden of proving justification for a stay of the proceedings. Speculation as to one sibling's significant potential liabilities from other legal actions against him is not relevant.
(HOFFMAN and LAVIN, concurring.)