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KARDOLRAC INDUSTRIES v. WANG LAB., INC.

Nos. 84-2043, 84-2116 cons.

135 Ill. App.3d 919 (1985)

482 N.E.2d 386

KARDOLRAC INDUSTRIES, CORP., Plaintiff-Appellant, v. WANG LABORATORIES, INC., Defendant-Appellee.

Appellate Court of Illinois — First District (2nd Division).

Opinion filed August 6, 1985.

Attorney(s) appearing for the Case

Allan Horwich and Michael Brody, both of Schiff, Hardin & Waite, of Chicago, for appellant.

Joan M. Hall and Robert T. Markowski, both of Jenner & Block, of Chicago (Marvin Schwartz, Garrard R. Beeney, and Sullivan & Cromwell, of counsel), for appellee.

Judgment affirmed.

JUSTICE HARTMAN delivered the opinion of the court:

The circuit court entered summary judgment for defendant in an action brought by plaintiff debenture holder to recover for accrued interest allegedly owing on debentures issued by defendant. Plaintiff appeals, raising the issue of whether the debenture indenture authorizes the payment of accrued interest to debenture holders who, in the...

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