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INDEPENDENCE TUBE CORP. v. LEVINE

No. 87-3640.

179 Ill. App.3d 911 (1988)

535 N.E.2d 927

INDEPENDENCE TUBE CORPORATION, Petitioner-Appellee, v. AARON LEVINE, as Trustee for Philip Yontez, et al., Respondent-Appellant.

Appellate Court of Illinois — First District (3rd Division).

Modified on denial of rehearing March 15, 1989.

Attorney(s) appearing for the Case

Edwin H. Conger and Edward Eshoo, Jr., both of Chicago (Tenney & Bentley, of counsel), for appellant.

Bell, Boyd & Lloyd, of Chicago (John P. Scotellaro and Karen A. Suizzo, of counsel), for appellee.

Judgment affirmed.

JUSTICE McNAMARA delivered the opinion of the court:

Petitioner, Independence Tube Corporation, filed a petition in the trial court to determine the value of 100 Class A shares of its stock held by the respondent, Aaron Levine, as trustee for Philip, Christopher, Heather, and Steven Yontez. After a bench trial, the trial court entered an order assessing the fair value of Independence's Class A shares at $550 per share and awarding judgment...

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