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HYMAN v. VELSICOL CORP.

Gen. No. 45,256.

342 Ill. App. 489 (1951)

97 N.E.2d 122

Julius Hyman, Appellee, v. Velsicol Corporation et al., Appellants.

Appellate Court of Illinois.

Rehearing denied February 20, 1951.

Released for publication March 13, 1951.

Attorney(s) appearing for the Case

POPPENHUSEN, JOHNSTON, THOMPSON & RAYMOND, and FOLLANSBEE, SHOREY & SCHUPP, all of Chicago, for appellants; FLOYD E. THOMPSON and CLYDE E. SHOREY, both of Chicago, of counsel.

HOPKINS, SUTTER, HALLS, DE WOLFE & OWEN, of Chicago, for appellee; DONALD J. DE WOLFE and WILLIAM G. BLOOD, both of Chicago, of counsel.

MR. JUSTICE KILEY delivered the opinion of the court.

This is an action to restrain the directors of Velsicol Corporation from carrying out a plan of recapitalization and to nullify acts already done pursuant to the plan. A master in chancery recommended a decree dismissing the suit for want of equity. The chancellor sustained exceptions to the master's report and entered a decree in favor of plaintiff. Defendants have appealed.

Plaintiff is a research chemist...

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