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HUGHES v. ENCYCLOPAEDIA BRITANNICA, INC.

Gen. No. 46,173.

1 Ill. App.2d 514 (1954)

117 N.E.2d 880

Roland B. Hughes et al., Appellants, v. Encyclopaedia Britannica, Inc., Appellee.

Appellate Court of Illinois.

Rehearing denied March 24, 1954.

Released for publication March 24, 1954.

Attorney(s) appearing for the Case

RUBENSTEIN & BECKER, of Chicago, for appellants; HARRY BECKER, and BERNARD S. ROOTH, both of Chicago, of counsel.

LEDERER, LIVINGSTON, KAHN & ADSIT, of Chicago, for appellee; LEO H. ARNSTEIN, and HERBERT E. RUBEN, both of Chicago, of counsel.

MR. JUSTICE BURKE delivered the opinion of the court.

Plaintiffs filed a complaint as a class action for specific performance by defendant of its plan to purchase annuities for its employees. Plaintiffs appeal from the decree dismissing the complaint, as amended, for want of equity. The complaint alleges that on February 1, 1944, defendant put into effect a retirement income plan for its employees by which it agreed to purchase retirement insurance for the employees...

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