Heiden v. Galva Foundry Co.
Heiden, after selling controlling interest in foundry to Galva, brought action for breach of contract, compelling Galva to file arbitration motion pursuant to arbitration clause in acquisition and merger agreement.
Said motion was denied by circuit court. Appellate court reversed and remanded decision stating that successive merger between designated arbitration firm and another arbitration firm did not relieve parties of arbitration obligation, and that issues raised by Heiden, not having related to issue covered by arbitration clause, were not sufficient as reason to deny arbitration. 584 N.E.2d 518, 223 Ill.App.3d 163 (Ill. App. 3 Dist. 1991).
