The Wickes Corporation v. Industrial Financial Corporation

RIVES, Circuit Judge:

This is an interlocutory appeal from two orders of the district court. The first order denied appellant’s motion to stay arbitration proceedings. 1 The second order granted without bond appellees’ motion for preliminary injunction against the sale of certain property. 2 We reverse the first order, and this moots the appeal of the second order.

I

In June 1970, Wickes Corporation and Nuessle Plan, Inc., now known as Industrial Financial Corporation (IFC), entered into a contract relating to a mobile home park. The contract contained an arbitration clause. After major disputes…