{"id":5759,"date":"2016-01-07T10:00:46","date_gmt":"2016-01-07T16:00:46","guid":{"rendered":"http:\/\/injury.robertkreisman.com\/?p=5759"},"modified":"2019-10-17T10:53:51","modified_gmt":"2019-10-17T10:53:51","slug":"illinois-appellate-court-holds-arbitration-agreement-no-provision-interest-not-actual-adjudication-post-judgment-interest","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-holds-arbitration-agreement-no-provision-interest-not-actual-adjudication-post-judgment-interest\/","title":{"rendered":"Illinois Appellate Court Holds That an Arbitration Agreement with No Provision for Interest is Not an Actual Adjudication for Post-Judgment Interest"},"content":{"rendered":"<p>The issue before the <a href=\"http:\/\/www.illinoiscourts.gov\/AppellateCourt\/\">Illinois Appellate Cour<\/a>t was whether the parties\u2019 high-low agreement was a settlement agreement and if so, whether interest pursuant to Section 2-1303 of the <a href=\"http:\/\/www.ilga.gov\/legislation\/ilcs\/ilcs3.asp?ActID=2017\">Illinois Code of Civil Procedure<\/a> accrues on an award that is predetermined by that high-low agreement. Mark Pinske thought he was entitled to 9% post-judgment interest on $100,000 of the $194,000 arbitration award he received against Lawrence White.<\/p>\n<p>The arbitration award was made under a hybrid mediation\/arbitration contract that also contained a high-low agreement. Pinske and White\u2019s automobile insurer, Allstate Property &amp; Casualty Insurance Co. agreed that Allstate would pay at least $50,000, but no more than $100,000 for injuries, that Pinske suffered in an automobile crash with White. The agreement asked a retired Cook County judge to mediate and that if the mediation effort failed, then to arbitrate the dispute for a binding result.<\/p>\n<p>When Pinske sued for judgment on the award, he relied on <a href=\"http:\/\/www.ilga.gov\/legislation\/ilcs\/fulltext.asp?DocName=073500050K2-1303\">Section 2-1303<\/a> of the Illinois Code of Civil Procedure. That section starts by saying \u201cjudgments recovered in any court shall draw interest at the rate of 9% per annum until satisfied.\u201d The section also provides that \u201cwhen judgment is entered upon any award, . . . interest shall be computed at the above rate, from the time when made or rendered to the time of entering judgment upon the same, and included in the judgment.\u201d<\/p>\n<p> <a href=\"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-holds-arbitration-agreement-no-provision-interest-not-actual-adjudication-post-judgment-interest\/#more-5759\" class=\"more-link\">Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The issue before the Illinois Appellate Court was whether the parties\u2019 high-low agreement was a settlement agreement and if so, whether interest pursuant to Section 2-1303 of the Illinois Code of Civil Procedure accrues on an award that is predetermined by that high-low agreement. Mark Pinske thought he was entitled to 9% post-judgment interest on [&hellip;]<\/p>\n","protected":false},"author":795,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[130,45,148],"tags":[],"class_list":["post-5759","post","type-post","status-publish","format-standard","hentry","category-arbitration","category-auto-accidents","category-settlements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Illinois Appellate Court Holds That an Arbitration Agreement with No Provision for Interest is Not an Actual Adjudication for Post-Judgment Interest &#8212; Chicago Injury Lawyer Blog<\/title>\n<meta name=\"description\" content=\"The issue before the Illinois Appellate Court was whether the parties\u2019 high-low agreement was a settlement agreement and if so, whether interest pursuant\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-holds-arbitration-agreement-no-provision-interest-not-actual-adjudication-post-judgment-interest\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Illinois Appellate Court Holds That an Arbitration Agreement with No Provision for Interest is Not an Actual Adjudication for Post-Judgment Interest &#8212; Chicago Injury Lawyer Blog\" \/>\n<meta name=\"twitter:description\" content=\"The issue before the Illinois Appellate Court was whether the parties\u2019 high-low agreement was a settlement agreement and if so, whether interest pursuant\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Kreisman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Illinois Appellate Court Holds That an Arbitration Agreement with No Provision for Interest is Not an Actual Adjudication for Post-Judgment Interest &#8212; 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