VALIQUET v. FIRST FEDERAL SAV. & LOAN

No. 78-1270.

87 Ill. App.3d 195 (1979)

408 N.E.2d 921

HELEN VALIQUET, Plaintiff-Appellant, v. FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF CHICAGO et al., Defendants-Appellees.

Appellate Court of Illinois — First District (5th Division).

Supplemental opinion filed on rehearing July 25, 1980.


Attorney(s) appearing for the Case

Gary L. Specks, of Specks & Goldberg, Ltd., Philip H. Corboy, of Philip H. Corboy & Associates, and Jerome S. Wald, of Wald & Wald, all of Chicago, for appellant.

Lord, Bissell & Brook, Arnstein, Gluck, Weitzenfeld & Minow, and McDermott, Will & Emery, all of Chicago (Richard K. Decker, Joseph E. Coughlin, Edward F. Fitzpatrick, Burton Y. Weitzenfeld, John L. Ropiequet, James W. Ashley, Frank M. Covey, Jr., and Robert J. Lepri, of counsel), for appellees.


Reversed and remanded.

Mr. JUSTICE WILSON delivered the opinion of the court:

Plaintiff appeals the dismissal of her shareholder derivative complaint which alleged that a Federal savings and loan association's directors and officers usurped the association's corporate opportunity to operate an insurance agency. She contends that the trial court erred when it dismissed her complaint on grounds that (1) a Federal agency had primary jurisdiction; and (2) she...

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