Tag Archives: third-party

When A Third Party (And Non-Party) Can Enforce An Arbitration Provision

The Northern District compelled arbitration of a multi-count fraud suit filed by a software company against a former salesman and his new employer in Paragon Micro, Inc. v. Bundy, 2014 WL 2441969 (N.D.Ill. 2014). The ex-employee formed his own company and started steering business from his former employer.  The former employer sued for computer tampering, breach of …

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Defendant Bank Not Liable for Permitting Judgment Debtor to Transfer Over $700,000 from Accounts

The Citation to Discover Assets to a Third Party or “third-party citation”  allows a judgment creditor to serve a citation on a third-party –  a bank, for instance – who holds property of the judgment debtor and attach that property until the court orders the property released.  See 735 ILCS 5/2-1402(f)(1).  The third-party citation prohibits the citation …

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