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GENEVA CORP. FINANCE v. G.B.E. LIQUIDATION

No. 98-0925.

598 N.W.2d 331 (1999)

GENEVA CORPORATE FINANCE, Successor In Interest To Geneva Business Services, Plaintiff-Appellee, v. G.B.E. LIQUIDATION CORP., Darla Lane and Richard Lane, Defendants-Appellants.

Court of Appeals of Iowa.

April 30, 1999.

Attorney(s) appearing for the Case

Douglas H. Napier of Napier, Wolf & Napier, Fort Madison, for appellants.

Richard A. Davidson of Lane & Waterman, Davenport, for appellee.

Heard by SACKETT, C.J., and VOGEL and SCHLEGEL, JJ.

SACKETT, C.J.

This appeal addresses the preclusive effect in a second lawsuit of an arbitration award reduced to a judgment in a previous lawsuit. In the first suit, plaintiff-appellee Geneva Corporate Finance, successor in interest to Geneva Business Services, obtained a judgment against defendant-appellant G.B.E. Liquidation Corp. for breach of a contract. The contract contained a provision for binding arbitration. Defendants contend the judgment on the arbitration...

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