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PAULMAN v. KRITZER

Gen. No. 65-121.

74 Ill. App.2d 284 (1966)

219 N.E.2d 541

Edith Kritzer Paulman, Plaintiff-Appellee, v. Henry E. Kritzer, Kritzer Radiant Coils, Inc., a Delaware Corporation, Batavia-Kritzer, Inc., a Delaware Corporation, Courtland G. Newton and Manfred A. Lucchese, Defendants-Appellants.

Appellate Court of Illinois — Second District.

September 1, 1966.

Attorney(s) appearing for the Case

George B. Christensen and R. Lawrence Storms, of Chicago (Winston, Strawn, Smith & Patterson, of counsel), for appellants.

Harold J. Keele and Halbert O. Crews, of Chicago, for appellee.

MR. JUSTICE DAVIS delivered the opinion of the court.

This suit was instituted by the plaintiff and her sister as a stockholders' derivative suit for the benefit of the defendant, Kritzer Radiant Coils, Inc., a Delaware Corporation, herein called KRC. The plaintiff contends that her brother, the defendant Henry E. Kritzer, Sr., herein called Kritzer, violated the fiduciary duty owed by him to KRC as an officer and director in seizing certain corporate opportunities...

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