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WEIL v. NORTHWEST INDUSTRIES, INC.

No. 87-913.

168 Ill. App.3d 1 (1988)

522 N.E.2d 172

THOMAS R. WEIL, Trustee for the Thomas R. Weil Trust, Indiv. and on behalf of all others similarly situated, Plaintiff-Appellant, v. NORTHWEST INDUSTRIES, INC., et al., Defendants-Appellees.

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

Opinion filed March 8, 1988.

Attorney(s) appearing for the Case

Law Offices of Frederic F. Brace, Jr., Holstein, Mack & Dupress, and Marshall Patner, P.C., all of Chicago (Frederic F. Brace, Jr., Keith A. Klopfenstein, and Robert A. Holstein, of counsel), for appellant.

Katten, Muchin & Zavis, of Chicago (Donald E. Egan, Joel G. Chefitz, and Stephen D. Libowsky, of counsel), for appellee Northwest Industries, Inc.

Mayer, Brown & Platt, of Chicago (Alan N. Salpeter and Herbert L. Zarov, of counsel), for appellee Microdot, Inc.

Isham, Lincoln & Beale, of Chicago, and Sullivan & Cromwell, of New York, New York (Don H. Reuben, Thomas F. Ging, Roy B. Underhill, William R. Norfolk, and William Farris, of counsel), for appellee Goldman, Sachs & Company.

Judgment affirmed.

JUSTICE SCARIANO delivered the opinion of the court:

Plaintiff brought this action for restitution and other relief, alleging wrongdoing by corporate fiduciaries in connection with the corporation's sale of one of its businesses. Plaintiff also alleges that this wrongdoing was fraudulently concealed from him until after he had sold his stock and after the corporation merged with another company. The trial court dismissed plaintiff's second...

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