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COOPER v. PEDERSEN

Gen. No. 48,220.

29 Ill. App.2d 384 (1961)

173 N.E.2d 549

Max Cooper and Irving Fisher, Plaintiffs and Counter-defendants Below, Appellants, v. Peter S. Pedersen, et al., etc., Defendants Below, Edward Martin, Defendant and Counterplaintiff Below, Appellee.

Appellate Court of Illinois — First District, First Division.

Rehearing denied April 10, 1961.

Attorney(s) appearing for the Case

Harold P. Minow and Samuel S. Cohon, of Chicago (Samuel S. Cohon, of counsel) for appellants.

Joseph Keig, Sr., of Chicago, for appellee.

MR. JUSTICE MURPHY delivered the opinion of the court.

This is a representative stockholders' suit, charging misappropriation of corporate funds. Plaintiffs, as counterdefendants, appeal from a decree finding defendant Martin, as counterplaintiff, to be the equitable owner of their stock; directing them to assign and deliver their stock certificates to him; and dismissing their complaint for want of any justiciable interest in the subject matter.

Plaintiffs...

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