Hoffman v. Burnett Central Building, Inc.

Full title: Charles C. Hoffman, Jr., et al., Appellants, v. Burnett Central Building…

Court: Appellate Court of Illinois, First District

Date published: Apr 30, 1945

326 Ill. App. 36 (Ill. App. Ct. 1945)

60 N.E.2d 773

Opinion

Gen. No. 43,331. (Abstract of Decision.)

Opinion filed April 30, 1945 Released for publication May 14, 1945

CORPORATIONS, § 686^_ — insufficiency of evidence to show officers guilty of fraudulent conduct. In chancery suit by stockholders against corporation and its officers and directors, on theory that officers and directors were guilty of fraudulent conduct in sale of shares of stock to attorney who represented lessee of corporation's building, and in allegedly agreeing to resign so that new directors might be elected, held that evidence did not support plaintiffs' allegations and that complaint was properly dismissed for want of equity.

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

Appeal from the Superior Court of Cook county; the Hon. DONALD S. McKINLAY, Judge, presiding.

Decree affirmed. Heard in the first division, first district, this court at the February term, 1945.

Shulman, Shulman Abrams and William Henning Rubin, for appellants;

Poppenhusen, Johnston, Thompson Raymond and Miller, Gorham, Wescott Adams, for appellees;

Henry J. Brandt, of counsel.

Opinion by JUSTICE O'CONNOR.

Not to be published in full. Opinion filed April 30, 1945; released for publication May 14, 1945.