Snoberger v. Binkley Coal Co.

Full title: R. E. Snoberger, Appellant, v. Binkley Coal Company et al., Appellees

Court: Appellate Court of Illinois, First District

Date published: Jul 1, 1942

315 Ill. App. 237 (Ill. App. Ct. 1942)

42 N.E.2d 886

Opinion

Gen. No. 42,072. (Abstract of Decision.)

Opinion filed July 1, 1942

CORPORATIONS, § 627^_ — as to diligence required in stockholder's suit. In an action by a minority stockholder in a corporation to establish that shares of stock in another corporation held by defendants were the property of plaintiff's company, the allegations in the complaint were insufficient to state a cause of action, and also showed a lack of diligence in plaintiff in asking relief from a court of equity, and the complaint was properly dismissed.

_ See Callaghan's Illinois Digest, same topic and section number.

Appeal from Circuit Court of Cook county; Hon. STANLEY H. KLARKOWSKI, presiding.

Decree affirmed. Heard in first division, first district, this court at December term, 1941.

Floyd Lanham, for appellant;

Chapman Cutler, for appellee Helen C. Hanson;

Dayton Ogden, of counsel.

Opinion by JUSTICE O'CONNOR.

"Not to be published in full." Opinion filed July 1, 1942.