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DREYFUSS METAL CO. v. BERG

No. 1-90-0983.

569 N.E.2d 19 (1990)

210 Ill. App.3d 189

155 Ill.Dec. 19

DREYFUSS METAL COMPANY, Plaintiff-Appellee, v. Robert BERG and Wayne-Webster Trading Company, Inc., Defendants-Appellants. WAYNE-WEBSTER TRADING COMPANY, INC., on Behalf of itself and all shareholders of Dreyfuss Metal Company, and Dreyfuss Metal Company, Plaintiffs, v. Charles DREYFUSS and Dreyfuss Metal Company, Defendants.

Appellate Court of Illinois, First District, Sixth Division.

Rehearing Denied March 27, 1991.

Attorney(s) appearing for the Case

Daniel S. Hefter & Associates, Ltd., Chicago (Daniel S. Hefter and Michael R. Goldfein, of counsel), for defendants-appellants.

Arnstein & Lehr, Chicago (Michael R. Turoff and Arthur L. Klein, of counsel), for plaintiff-appellee.

Justice McNAMARA delivered the opinion of the court:

Plaintiff, Dreyfuss Metal Company ("Dreyfuss"), brought an action for specific performance against defendants, Robert Berg and Wayne-Webster Trading Company, demanding that they perform their obligations under a "Memorandum of Understanding" in which Dreyfuss agreed to purchase defendants' fifty percent interest in Dreyfuss and a one-half ownership interest in its Chicago building and land for $1,338,000. The dispute...

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