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1ST NAT'L BK. v. J.P. SCHERMERHORN & CO.

Nos. 1-88-2456, 1-88-3470 cons.

192 Ill. App.3d 1057 (1989)

549 N.E.2d 862

FIRST NATIONAL BANK AND TRUST COMPANY OF EVANSTON, as Trustee, et al., Plaintiffs-Appellees, v. J.P. SCHERMERHORN AND COMPANY, INC., et al., Defendants-Appellants.

Appellate Court of Illinois — First District (6th Division).

Opinion filed December 29, 1989.

Attorney(s) appearing for the Case

Ross S. Welch, of Chicago, for appellants.

DeHaan & Richter, P.C., of Chicago (Ronald M. DeHaan and David L. Hazan, of counsel), for appellees.

Affirmed in part and reversed in part.

JUSTICE LaPORTA delivered the opinion of the court:

Plaintiffs instituted this action in chancery against defendants seeking an accounting, an injunction, and damages based upon defendants' breach of fiduciary duties and contract obligations in relation to property held in a land trust. The trial court granted the injunctive relief and ordered an accounting. After a trial on the allegations regarding the accounting, the...

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