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2416 CORP. v. BOARD OF TRUSTEES

No. 1-89-3535.

568 N.E.2d 276 (1991)

209 Ill. App.3d 504

154 Ill.Dec. 276

The 2416 CORPORATION, an Illinois Corporation, individually and as representative of the class of holders of University of Illinois Auxiliary Facilities System Revenue Bonds, Plaintiff-Appellant, v. The BOARD OF TRUSTEES OF the UNIVERSITY OF ILLINOIS, a body corporate under the laws of the State of Illinois, Defendant-Appellee.

Appellate Court of Illinois, First District, Fourth Division.

January 31, 1991.

Attorney(s) appearing for the Case

DeWolfe, Poynton & Stevens, Chicago (John D. DeWolfe, Jr. and Richard James Stevens, of counsel), for plaintiff-appellant.

Chapman and Cutler, Chicago (James E. Spiotto, James R. Richardson, Ann Acker, Wendy A. Grossman, Ellen L. Karecki, of counsel), for defendant-appellee.

Justice LINN delivered the opinion of the court:

Plaintiff, The 2416 Corporation, filed this lawsuit as a class action against the Board of Trustees of the University of Illinois. As a holder of certain municipal revenue bonds issued by the Trustees, plaintiff seeks to compel the Trustees to purchase the bonds from plaintiff's class, on the same terms as the Trustees purchased similar bonds from the Department of Education ("DOE"). In essence, plaintiff contends that...

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