Loeb v. Spiros Law, P.C.

2026 IL App (5th) 250303-U
CourtAppellate Court of Illinois
DecidedJanuary 27, 2026
Docket5-25-0303
StatusUnpublished

This text of 2026 IL App (5th) 250303-U (Loeb v. Spiros Law, P.C.) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Loeb v. Spiros Law, P.C., 2026 IL App (5th) 250303-U (Ill. Ct. App. 2026).

Opinion

NOTICE 2026 IL App (5th) 250303-U NOTICE Decision filed 01/27/26. The This order was filed under text of this decision may be NO. 5-25-0303 Supreme Court Rule 23 and is changed or corrected prior to the filing of a Petition for not precedent except in the

Rehearing or the disposition of IN THE limited circumstances allowed the same. under Rule 23(e)(1). APPELLATE COURT OF ILLINOIS

FIFTH DISTRICT ______________________________________________________________________________

SANDRA LOEB, ) Appeal from the ) Circuit Court of Plaintiff-Appellant, ) Champaign County. ) v. ) No. 25-CH-3 ) SPIROS LAW, P.C., JAMES D. SPIROS, ) MIRANDA L. SOUCIE, and DANIELLE E. CAIN, ) Honorable ) Jason M. Bohm, Defendants-Appellees. ) Judge, presiding. ______________________________________________________________________________

JUSTICE McHANEY delivered the judgment of the court. Justice Boie concurred in the judgment. *

ORDER

¶1 Held: Where the Spiros Law P.C.’s arbitration paragraph in its shareholders’ agreement was unambiguous regarding the selection method and number of arbitrators, although it contained a scrivener’s error, we find that there was an enforceable method for the appointment of arbitrators and affirm the trial court’s order compelling arbitration. Where there was a scrivener’s error in the arbitration clause regarding the addition of an additional arbitrator after Danielle E. Cain was added as a shareholder, and Cain then withdrew her arbitration demand, the trial court properly enforced the clause as agreed upon by the parties and there was no reformation of the agreement. Where the trial court allowed the filing of Miranda L. Soucie’s affidavit but expressly did not consider the contents of the affidavit in compelling arbitration, we affirm.

* Justice Moore fully participated in the decision prior to his retirement. See Cirro Wrecking Co. v. Roppolo, 153 Ill. 2d 6 (1992). 1 ¶2 Sandra Loeb (Loeb) appeals from the trial court’s March 20, 2025, order granting a Motion

to Compel Arbitration and Dismiss or Stay Litigation filed by the defendants, Spiros Law, P.C.,

James D. Spiros (Spiros), Miranda L. Soucie (Soucie), and Danielle E. Cain (Cain) (collectively,

the defendants). On appeal, Loeb argues that the Spiros Law, P.C. written shareholders’ agreement

contained an ambiguous provision regarding the appointment of an arbitrator and contends that the

arbitration agreement must be terminated pursuant to section 3 of the Uniform Arbitration Act

(Act) (710 ILCS 5/3 (West 2022)) due to its failure to include an enforceable method for

appointment of an arbitrator; questions whether the shareholders’ agreement can be reformed to

resolve the alleged ambiguity; and finally argues that the trial court abused its discretion in denying

her motion to strike portions of Soucie’s affidavit. For the following reasons, we affirm. 1

¶3 I. BACKGROUND

¶4 On January 21, 2025, Loeb filed her complaint against the law firm where she had been

employed and against three of its attorneys alleging that the firm and the attorneys “unlawfully

diluted” her shareholder interest by paying themselves an unspecified amount of additional

compensation “without a unanimous vote of the corporate directors.” Loeb alleged that the

directors purchased her shares without her agreement “and for an amount that undervalued their

worth” and that they were using their majority interest in Spiros Laws “to manipulate and oppress

Loeb by demanding arbitration by a panel of four arbitrators, three of whom Defendants

purport[ed] to have chosen.”

1 On July 7, 2025, the defendants, Spiros Law, P.C., James D. Spiros, Miranda L. Soucie, and Danielle E. Cain, filed a motion to supplement the record to include email communications. The emails were between the attorneys for the parties and Leslie Erdman, Court Clerk for Circuit Judge Jason M. Bohm, and were dated between March 13, 2025, and March 17, 2025. On July 21, 2025, this court took the motion with the case. We grant the motion to supplement.

2 ¶5 Loeb joined the firm in 2008 and obtained partnership in 2010; Soucie joined the firm in

2010 and obtained partnership in 2013; and Cain joined the firm in 2020 and became a partner in

May 2023 and was granted an ownership interest in April 2024.

¶6 In April 2024 the firm held its annual meeting over the course of several days with all

attorneys present. Loeb, Spiros, Soucie, and Cain entered into a shareholders’ agreement regarding

ownership and management of Spiros Law. All attorneys executed the agreement. The parties,

excluding Cain, had entered into similar shareholders’ agreements in previous years. The 2024

shareholders’ agreement set forth the ownership percentages of common stock in the law firm.

Spiros owned 65%, Soucie owned 26%, Loeb owned 8%, and Cain owned 1%. After the meeting,

each attorney in the firm was designated as an officer of the company.

¶7 The shareholders’ agreement provided each of the four partners an equal vote. Salaries

were to be set “by the unanimous vote of the Directors.” The Spiros law firm customarily issued

shareholder distributions on a quarterly basis with the distributions being greater than the salaries.

Shareholders were allowed to sell, transfer, encumber, or otherwise dispose of their interests by

sale to the corporation or to another shareholder.

¶8 Paragraph P of the shareholders’ agreement provided as follows:

“The Shareholders shall annually attempt to agree unanimously upon the value of

the net worth of the Corporation, exclusive of all work-in-progress and said value shall be

entered annually into the minutes of the Corporate book. This valuation, if made, shall be

binding for all purposes of this Agreement for twelve (12) months after it is agreed upon,

subject only to necessary adjustments for obvious changes in value (e.g., cash, increased

indebtedness, and reduction in liabilities). In the event of the withdrawal of any

Shareholder, this figure shall be conclusive and binding.” (Emphasis added.)

3 The term, “withdrawal” used in this paragraph in the phrase, “withdrawal of any Shareholder,” is

not defined.

¶9 The shareholders’ agreement provides guidance covering major illness, disability, and/or

death of a shareholder. However, it does not provide guidance if a shareholder resigns from the

firm.

¶ 10 On June 25, 2024, and approximately 10 weeks after the execution of the current

shareholders’ agreement, Spiros proposed to Loeb that she relinquish her ownership interest in the

firm and accept a new compensation structure without shareholder distributions. The change in

distribution practice was designed to make the distributions equitably tied to the types of law

practiced. More simply, the medical malpractice and personal injury sectors of the practice were

more lucrative than the worker’s compensation sector. Loeb primarily practiced in worker’s

compensation. Spiros explained that Loeb had unfairly benefited by receiving disproportionate

distributions tied to the more lucrative areas of practice—medical malpractice and personal injury.

Spiros suggested that Loeb had been paid “forward” for her work and that her compensation would

be henceforth “adjusted to reflect the benefits that were provided over the many prior years.”

Spiros asked Loeb to consider a compensation package that would give her a set percentage of the

income she generated instead of salary and distributions to which she was entitled under the

shareholders’ agreement.

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2026 IL App (5th) 250303-U, Counsel Stack Legal Research, https://law.counselstack.com/opinion/loeb-v-spiros-law-pc-illappct-2026.