CEREAL BYPRODUCTS CO. v. HALL

Gen. No. 47,249.

16 Ill. App.2d 79 (1958)

147 N.E.2d 383

Cereal Byproducts Company, Plaintiff-Appellant, v. Roy Hall, J. Leonard Penny, et al., Defendants-Appellees.

Appellate Court of Illinois — First District, Third Division.

Released for publication February 10, 1958.


Attorney(s) appearing for the Case

Norman, Engelhardt, Zimmerman & Prince, of Chicago (Harold W. Norman, and William R. Engelhardt, of counsel), for appellant.

Lord, Bissell & Brook, of Chicago (Gordon R. Close, and Richard E. Mueller, of counsel), for appellees-cross appellants.


PRESIDING JUSTICE BURKE delivered the opinion of the court.

This is an action arising out of the alleged negligence of the defendants in auditing plaintiff's books in 1947 and thereby failing to uncover certain embezzlements. The plaintiff charged that defendants failed to properly perform the audit for the year 1947 and that as a result certain defalcations of their trusted employee and shareholder, Richard Zastrow, went undiscovered. These defalcations were $15...

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