KERN v. CHICAGO & EASTERN ILL. R.R. CO.

No. 55588.

6 Ill. App.3d 247 (1972)

285 N.E.2d 501

PAUL J. KERN et al., Plaintiffs-Appellants, v. CHICAGO & EASTERN ILLINOIS RAILROAD COMPANY, Defendant-Appellee.

Appellate Court of Illinois — First District.

June 9, 1972.


Attorney(s) appearing for the Case

Levin & Berger, of Chicago, (Burton Berger, of counsel,) for appellants.

Frank F. Fowle, Herbert S. Wander, Paul E. Freehling, and Pope, Ballard, Kennedy, Shepard & Fowle, all of Chicago, (Patrick C. Mullen, of counsel,) for appellee.


Judgment affirmed.

Mr. JUSTICE DRUCKER delivered the opinion of the court:

Plaintiffs are two shareholders of Class A (preferred) Stock in the defendant Chicago & Eastern Illinois Railroad Company, hereinafter C & EI. They seek to compel the payment of a 1959 dividend of $2 per share which they claim should have been paid to persons who exchanged or had their Class A shares redeemed in 1965, or who still hold their shares. The trial court granted defendant...

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