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GIDWITZ v. LANZIT COR. BOX CO.

No. 35627.

20 Ill.2d 208 (1960)

170 N.E.2d 131

VICTOR E. GIDWITZ, Exr., et al., Appellees, v. LANZIT CORRUGATED BOX CO. et al., Appellants.

Supreme Court of Illinois.

Rehearing denied November 30, 1960.

Attorney(s) appearing for the Case

THOMAS C. McCONNELL, and CHARLES R. KAUFMAN, both of Chicago, (VEDDER, PRICE, KAUFMAN & KAMMHOLZ, and McCONNELL, PASCHEN & CURTIS, of counsel,) for appellants.

MAX SWIREN, and THOMAS R. MULROY, both of Chicago, (RALPH E. DAVIS, WILLIAM P. SUTTER, KENNETH D. PALMER, and HOPKINS, SUTTER, OWEN, MULROY & WENTZ, of counsel,) for appellees.

Decree affirmed.

Mr. JUSTICE HERSHEY delivered the opinion of the court:

This action was brought by certain shareholders of Lanzit Corrugated Box Co., an Illinois corporation, under subparagraphs (1), (2), and (3) of paragraph (a) of section 86 of the Business Corporation Act of this State (Ill. Rev. Stat. 1955, chap. 32, par. 157.86) on the theory that both the directors and shareholders of this corporation are...

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