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INSTITUTIONAL EQUIPMENT & INT. v. HUGHES

No. 2-90-0004.

562 N.E.2d 662 (1990)

204 Ill. App.3d 922

150 Ill.Dec. 132

INSTITUTIONAL EQUIPMENT & INTERIORS, INC., Plaintiff-Appellant, v. Muriel Grace HUGHES, Ex'r of the Estate of Norman J. Diebolt, Defendant-Appellee.

Appellate Court of Illinois, Second District.

October 25, 1990.

Attorney(s) appearing for the Case

John M. Touhy, Michele Odorizzi (argued), and Anthony Hong, on brief, Mayer, Brown & Platt, Chicago, for Institutional Equipment & Interiors, Inc.

William J. McGrath, on brief, McGrath, Harty & McGrath, Wheaton, and John J. Hughes (argued), on brief, Hughes & Hughes, P.C., Grosse Pointe, Mich., for Muriel Grace Hughes.

Justice WOODWARD delivered the opinion of the court:

Plaintiff, Institutional Equipment & Interiors, Inc., appeals from a judgment in which the circuit court found that, on August 20, 1984, the fair value of stock in plaintiff's corporation held by the estate of Norman J. Diebolt (Muriel G. Hughes, executor), was $430 per share. On appeal, plaintiff argues that the trial court's determination of the stock's per share value was erroneous.

Plaintiff was...

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