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PEREGRINE FINANCIALS & SECURITIES v. HAKAKHA

No. 1-02-1626.

788 N.E.2d 263 (2003)

338 Ill. App.3d 197

272 Ill.Dec. 959

PEREGRINE FINANCIALS AND SECURITIES, an Iowa Corporation, Plaintiff-Appellee, v. Faramarz B. HAKAKHA, Defendant-Appellant.

Appellate Court of Illinois, First District, Fifth Division.

March 31, 2003.

Attorney(s) appearing for the Case

Siebel, Schofield & Varde, of Chicago (Paul F. Schofield, of counsel), for appellant.

Rebecca J. Wing and Wendy L. Sheinkopf, both of Peregrine Financials & Securities, Inc., of Chicago, for appellee.

Justice QUINN delivered the opinion of the court:

This appeal stems from an arbitration clause contained in an agreement entered into between plaintiff Peregrine Financials and Securities (Peregrine) and defendant Faramarz Hakakha. After a dispute arose between the parties, Peregrine filed a suit in the circuit court of Cook County seeking money damages. Hakakha filed a motion to dismiss based on a mandatory arbitration clause in the agreement. Peregrine subsequently...

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