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MARCH v. MILLER-JESSER, INC.

No. 1-88-3432.

202 Ill. App.3d 148 (1990)

559 N.E.2d 844

JERRY MARCH, Plaintiff-Appellant, v. MILLER-JESSER, INC., et al., Defendants-Appellees.

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

Opinion filed August 10, 1990.

Attorney(s) appearing for the Case

Leon Zelechowski, of Chicago, for appellant.

Neal, Gerber, Eisenberg & Lurie, and Phelan, Pope & John, Ltd., both of Chicago (Robert Radasevich, Richard A. Devine, and Jan Feldman, of counsel), for appellees.

Affirmed in part, and reversed in part and remanded.

PRESIDING JUSTICE LaPORTA delivered the opinion of the court:

Plaintiff, Jerry March, instituted this shareholders' derivative action in chancery against Miller-Jesser, Inc. (Miller-Jesser), a corporation that had been engaged in the business of executing and clearing trades for its customers on the Chicago Mercantile Exchange, and against Marshall Katz (Katz), Fred Scher (Scher), and William Henner (Henner...

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