First National Bank in Cedar Falls v. Clay

The allegations of the petition are epitomized in appellant’s propositions relied upon for reversal, to wit: (1) After submission to the arbitrators, defendant held conferences with arbitrator Stover, without the presence of plaintiff’s representatives, or the other arbitrators; (2) Stover was not a fair and qualified arbitrator, in that he had been in the employ of the Clay Equipment Corporation as auditor, accountant and adviser, and sustained such confidential relations to Clay and his family, and such an intimate insight into the business of the corporation, as to make him biased and…