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LEMNA v. HARRY F. SHEA & CO.

No. 1-92-3169.

628 N.E.2d 577 (1993)

256 Ill. App.3d 916

195 Ill.Dec. 113

William F. LEMNA, Plaintiff-Appellee, v. HARRY F. SHEA & COMPANY, Richard E. Shea and Richard M. Shea, Defendants-Appellants.

Appellate Court of Illinois, First District, Fifth Division.

December 3, 1993.

Attorney(s) appearing for the Case

Williams & Montgomery, Ltd. (James K. Horstman, Barry L. Kroll, C. Barry Montgomery, Lloyd E. Williams, Jr., of counsel), Chicago, for defendants-appellants.

Stephen P. Bedell, Kenneth M. Sullivan, Gardner, Carton & Douglas, Chicago, for plaintiff-appellee.

Justice MURRAY delivered the opinion of the court:

Defendants, Harry F. Shea & Company, Richard E. Shea and Richard M. Shea (the Sheas) appeal from the circuit court's confirmation of an arbitration award entered against them and in favor of plaintiff, William F. Lemna (Lemna). The facts of the case are as follows:

In October 1987 the Sheas entered into an agreement with Lemna to purchase his accounting practice. According to the agreement, the Sheas paid...

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