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STAMATAKIS INDUSTRIES, INC. v. KING

No. 87-0650.

165 Ill. App.3d 879 (1987)

520 N.E.2d 770

STAMATAKIS INDUSTRIES, INC., et al., Plaintiffs-Appellants, v. FREDERICK KING et al., Defendants-Appellees.

Appellate Court of Illinois — First District (4th Division).

Opinion filed December 31, 1987.

Attorney(s) appearing for the Case

John C. Stiefel, Sidney L. Rosenfeld, and Warren Lupel, all of Solomon, Rosenfeld, Elliott & Stiefel, Ltd., David C. Roston, Gary L. Specks, and Jeffrey P. DeJong, all of Altheimer & Gray, and Kenneth F. Levin, of Law Offices of Kenneth F. Levin, Chartered, all of Chicago, for appellants.

Ronald Butler, Ellen Claire Newcomer, and Anthony E. Rothschild, all of Butler, Rubin, Newcomer, Saltarelli & Boyd, and Thomas F. Ging and Michael Benz, both of Isham, Lincoln & Beale, both of Chicago, for appellees.

Reversed and remanded.

JUSTICE JIGANTI delivered the opinion of the court:

One of the plaintiffs, Stamatakis Industries, Inc., purchased all of the shares of stock of another one of the plaintiffs, Premier Engraving Company, Inc. The stock was purchased from Frederick King and other defendants who were all shareholders of Premier. The complaint charged all the defendants with fraud and breach of contract. The trial court entered summary judgment in favor of...

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