HORSELL GRAPHIC IND. v. VALUATION COUNSELORS

No. 85 C 9036.

639 F.Supp. 1117 (1986)

HORSELL GRAPHIC INDUSTRIES, LTD., Plaintiff, v. VALUATION COUNSELORS, INC., Valuation Counselors Central, Inc., John R. Holmes and William Raidt, Defendants.

United States District Court, N.D. Illinois, E.D.

July 15, 1986.


Attorney(s) appearing for the Case

Lawrence S. Samuels, Alan M. Posner, Jacquelyn F. Kidder, Sonnenschein Calin Nath & Rosenthal, Chicago, Ill., for plaintiff.

N. Rosie Rosenbaum, McDermott, Will & Emery, Chicago, Ill., for defendants.


MEMORANDUM AND ORDER

MORAN, District Judge.

Plaintiff Horsell Graphic Industries, Ltd. ("Horsell") contracted to purchase its partner's stock in a distribution company which sells plaintiff's products in the United States, for a price to be set by an appraisal firm. Defendant Valuation Counselors, Inc. was the chosen firm. It issued a valuation report which plaintiff alleges overstated the value of the stock by more than $2 million. Horsell, bound by the...

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