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VOSS v. LAKEFRONT REALTY CORP.

No. 62714.

48 Ill. App.3d 56 (1977)

365 N.E.2d 347

ROBERT J. VOSS et al., Plaintiffs-Appellants, Cross-Appellees, v. LAKEFRONT REALTY CORPORATION et al., Defendants-Appellees, Cross-Appellants.

Appellate Court of Illinois — First District (1st Division).

Rehearing denied April 27, 1977.

Attorney(s) appearing for the Case

Henehan, Donovan & Isaacson, Ltd., of Chicago (Edward V. Donovan, Jr., of counsel), for appellants.

John A. McElligott, of Chicago, for appellee Lakefront Realty Corporation.

Sidney Z. Karasik, of Chicago, for appellee Joseph M. Scanlan, Karl Scheribel, Irma Elmore, and Arthur Blome.

Judgments affirmed.

Mr. PRESIDING JUSTICE GOLDBERG delivered the opinion of the court:

Robert J. Voss, Robert L. Bastian and Nelson Thomasson III (plaintiffs), brought this class suit on behalf of all similarly situated shareholders of Lakefront Realty Corporation (Lakefront). In addition to Lakefront, the defendants are four of its directors, Joseph M. Scanlan, Karl Scheribel, Irma Elmore and Arthur Blome (defendants). The general theory of plaintiffs is...

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