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PEREGRINE FIN. GROUP v. FUTRONIX TRADING

No. 1-09-2293.

929 N.E.2d 1226 (2010)

PEREGRINE FINANCIAL GROUP, INC., Plaintiff-Appellant, v. FUTRONIX TRADING, LTD., and Michael Forest Payne, Defendants-Appellees.

Appellate Court of Illinois, First District, Sixth Division.

May 21, 2010.

Attorney(s) appearing for the Case

Rebecca J. Wing and Jennifer M. Muchoney, Chicago, IL, for Peregrine Financial Group, Inc.

Michael F. Payne, Sr., Las Vegas, NV, pro se.

Presiding Justice CAHILL delivered the opinion of the court:

Plaintiff, Peregrine Financial Group, Inc., appeals a trial court order dismissing as time-barred a complaint to confirm an arbitration award against defendants Futronix Trading, Ltd., and Michael Forest Payne. At issue is plaintiff's argument that there is no statute of limitation in Illinois applicable to actions to confirm an arbitration award. We believe the five-year statute of limitation under section...

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