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BORGSMILLER v. BURROUGHS

No. 5-88-0229.

187 Ill. App.3d 1 (1989)

542 N.E.2d 1281

WILLIAM J. BORGSMILLER et al., Indiv. and Derivatively as Shareholders of the City National Bank of Murphysboro, Plaintiffs-Appellants, v. RAYMOND C. BURROUGHS et al., Defendants-Appellees.

Appellate Court of Illinois — Fifth District.

Opinion filed August 9, 1989.

Attorney(s) appearing for the Case

Kathleen Moran, of Callahan & Moran, P.C., of Trenton, and Charles Hines, of Carbondale, for appellants.

John C. Feirich, of Feirich, Schoen, Mager, Green & Associates, of Carbondale, and James V. O'Brien and Raymond W. Gruender, both of Lewis & Rice, of St. Louis, Missouri, for appellees.

Affirmed in part, and reversed in part and remanded.

PRESIDING JUSTICE WELCH delivered the opinion of the court:

Plaintiffs, William J. Borgsmiller and Harold W. Koehn, individually and derivatively as shareholders of the City National Bank of Murphysboro, appeal the dismissal of their third amended complaint against defendants, Raymond C. Burroughs, Ben W. Daniel, Norman R. Ellis, City Bancorp, Inc. (hereinafter...

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