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ILLINOIS ROCKFORD CORP. v. KULP

Gen. No. 50,785.

88 Ill. App.2d 458 (1967)

232 N.E.2d 190

Illinois Rockford Corporation, a Corporation, Plaintiff-Appellee, v. Leo Kulp, et al., and Western Picture Frame Company, a Corporation, Defendants-Appellants.

Appellate Court of Illinois — First District, Second Division.

November 3, 1967.

Attorney(s) appearing for the Case

Joseph D. Block, of Aaron, Aaron, Schimberg & Hess, of Chicago (Richard P. Jahn, of Chattanooga, Tennessee, of counsel), for appellants.

Lee A. Freeman, of McConnell, Freeman, Curtis & McConnell, of Chicago, for appellee.

MR. JUSTICE BURKE delivered the opinion of the court.

This action was filed for the rescission of a stock sale agreement or, in the alternative, for damages arising out of defendants' allegedly fraudulent misrepresentations which induced plaintiff, through its sole stockholder, William Leeb, to sell to defendant Western Picture Frame Company its 50% share of the capital stock of the Pullman Couch Company (hereinafter referred to as Pullman) for a grossly inadequate...

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