Taxman v. First Illinois Bank of Evanston

The defendants, the First Illinois Bank of Evanston, as trustee under a trust agreement dated September 30, 1958, and known as “Trust Number 1151” (hereinafter referred to as the Trust), and Daniel F. McCarthy, appeal from an order of the circuit court of Cook County which: denied their motion to vacate an arbitration award in favor of the plaintiffs, Seymour Taxman and Donald R. Mazzoni; confirmed the award; and entered judgment thereon. For the reasons that follow, we affirm.

The material facts giving rise to this litigation are not in dispute. The Trust entered into an installment agreement…