Althoff, Inc. v. IFG Leasing Co.

ROONEY, Justice.

This is an appeal from a district court modification of an arbitration award. The appellants, plaintiffs below, raise the following issues:(1) Did the district court have authority to modify the award of the arbitrator?(2) If so, did the district court err by increasing said award to the appellee?

We affirm.

Arbitration resulted from an arbitration clause in a lease of two Oshkosh diesel trucks. Western Equipment Company approached McKamey Trucking and Concrete in an effort to sell the two trucks, but McKamey was financially unable to make the purchase. Sometime thereafter,…