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McCORMICK v. EMPIRE ACCOUNTS SERVICE, INC.

No. 76-1080.

49 Ill. App.3d 415 (1977)

364 N.E.2d 420

JOHN T. McCORMICK, Plaintiff-Appellee, v. EMPIRE ACCOUNTS SERVICE, INC., Defendant-Appellant.

Appellate Court of Illinois — First District (3rd Division).

Opinion filed May 25, 1977.

Attorney(s) appearing for the Case

Donald L. Johnson, of Chicago (Marks, Katz, Walker & Blatt, of counsel), for appellant.

John V. Ryan, III, of Chicago (Rooks, Pitts, Fullager & Poust, of counsel), for appellee.

Judgment affirmed.

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

John McCormick, the counterdefendant, was one of two co-founders in 1960 of Empire Accounts Service, Inc., a Chicago-based collection agency. He owned half of the company's stock, and on March 31, 1973, he and the owner of the other half sold their stock to Daisy Corporation. By an agreement of the same date entitled "Employment Agreement," Empire employed McCormick as a sales...

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