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LIBCO CORP. v. ROLAND

No. 16925.

99 Ill. App.3d 1140 (1981)

426 N.E.2d 309

LIBCO CORPORATION, Plaintiff-Appellee and Cross-Appellant, v. E. EARL ROLAND, Defendant-Appellant and Cross-Appellee.

Appellate Court of Illinois — Fourth District.

Opinion filed September 3, 1981.

Attorney(s) appearing for the Case

Fred Prillaman, of Mohan, Alewelt & Prillaman, of Springfield, for appellant.

Dean A. Dickie, Marvin A. Tenenbaum, and Ellis B. Rosenzweig, all of Sachnoff, Schrager, Jones, Weaver & Rubenstein, Ltd., of Chicago, for appellee.

Affirmed in part, and reversed in part and remanded.

Mr. JUSTICE GREEN delivered the opinion of the court:

The main issues in this case are: (1) whether the conduct of an official of a Delaware corporation, doing business in Illinois, in transacting business on behalf of that corporation with a corporation in which he held the majority interest constituted a breach of the official's duty to the first corporation; (2) if so, what was the measure of damages...

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