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SURIANO v. EMI SERVICES CORP.

No. 1-88-1543.

181 Ill. App.3d 789 (1989)

537 N.E.2d 836

JACK F. SURIANO et al., Plaintiffs, v. EMI SERVICES CORPORATION et al., Defendants (EMI Services Corporation, Counterplaintiff-Appellee; David L. Shaw, Counterdefendant-Appellant).

Appellate Court of Illinois — First District (1st Division).

Rehearing denied May 22, 1989.

Attorney(s) appearing for the Case

Robert G. Cook, Jr., of Chicago, for appellant.

James L. Poznak, of Bishop & Crawford, Ltd., of Oak Brook, for appellee.

Judgment affirmed and cause remanded.

JUSTICE O'CONNOR delivered the opinion of the court:

This appeal arises from an action brought by employee-stockholders of EMI Services Corporation (EMI) against EMI, alleging misrepresentation of EMI's financial position in connection with the redemption of stock and sale of assets. EMI brought a counterclaim against employee-stockholder David Shaw, alleging failure to repay a loan for the purchase of stock pursuant to...

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