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SHEARSON LEHMAN BROS., INC. v. HEDRICH

No. 1-92-1426.

639 N.E.2d 228 (1994)

266 Ill.App.3d 24

203 Ill.Dec. 189

SHEARSON LEHMAN BROTHERS, INC., Plaintiff-Counterdefendant-Appellant, v. Jon P. HEDRICH, Daniel P. Miller and Donald C. Owen, Defendants-Counterplaintiffs-Appellees.

Appellate Court of Illinois, First District, First Division.

August 22, 1994.

Attorney(s) appearing for the Case

Neal Gerber & Eisenberg, Chicago (Thomas M. Knepper, James H. Bowhay, of counsel), for appellant.

McBride, Baker & Coles, Chicago (Thomas P. Ward, of counsel), for appellees.

Justice BUCKLEY delivered the opinion of the court:

This appeal arises out of a dispute between Shearson Lehman Brothers, Inc. ("Shearson") and three former employees, Daniel P. Miller, Jon P. Hedrich, and Donald C. Owen ("defendants"). Defendants commenced an arbitration proceeding against Shearson in front of a three-arbitrator panel convened by the National Association of Securities Dealers, Inc. ("NASD") regarding, inter alia, the amount of money owed to...

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