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URNEST v. FORGED TOOTH GEAR CO.

Gen. No. 52,250.

102 Ill. App.2d 178 (1968)

243 N.E.2d 596

Charles Urnest, Plaintiff-Appellant, v. The Forged Tooth Gear Company, a Corporation, The Cornell Forge Company, a Corporation, A. Nelson Cornell, Alverin M. Cornell and Arthur M. Cornell, Defendants-Appellees.

Appellate Court of Illinois — First District.

November 14, 1968.

Attorney(s) appearing for the Case

James L. Perkins, of Chicago (Winston, Strawn, Smith & Patterson, of counsel), for appellant.

Thomas F. McWilliams and Howard J. DePree, of Chicago, for appellees.

MR. JUSTICE MORAN delivered the opinion of the court.

This is a so-called shareholders derivative suit brought by the plaintiff, Charles Urnest, as a minority shareholder of The Forged Tooth Gear Company, one of the defendants. The remaining defendants are The Cornell Forge Company, which is the principal shareholder of The Forged Tooth Gear Company, and three individuals, A. Nelson Cornell, Alverin M. Cornell and Arthur M. Cornell, who are the principal shareholders...

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