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BORNSTEIN v. FIRST UNITED

No. 1-90-3368.

597 N.E.2d 870 (1992)

232 Ill. App.3d 623

173 Ill.Dec. 896

Melvin S. BORNSTEIN, Roy A. Tosch, Barmel Enterprises Ltd. Pension Trust Fund and Barmel Enterprises Ltd. Profit Sharing Trust Fund, Plaintiffs-Appellees/Cross-Appellants, v. FIRST UNITED, First Chicago Trust Company, Defendants (Nathan Grossgold, Defendant-Appellant/Cross-Appellee; First Chicago Trust Company of Illinois, an Illinois corporation, Counter-Plaintiff/Appellant, v. Melvin S. Bornstein, Roy A. Tosch, and Nathan Grossgold, Counter-Defendants/Appellees.

Appellate Court of Illinois, First District, Fifth Division.

Rehearing Denied August 28, 1992.

Attorney(s) appearing for the Case

Spitzer, Addis, Susman and Krull, Chicago (Michael B. Susman, Jonathan L. Loew, of counsel), for First Chicago Trust.

Beermann, Swerdlove, Woloshin & Barezky, Chicago (Miles N. Beermann, Howard A. London, Joel M. Horwich, of counsel), for plaintiffs-appellees/cross-appellants.

Coffield Ungaretti Harris & Slavin, Chicago (J. Timothy Eaton, Shelley Rice Weinberg, of counsel), for Nathan Grossgold.

Levenfeld Eisenberg Janger Glassberg Samotny & Halper, Chicago (Edward J. Halper, Randall J. Gingiss, of counsel), amicus curiae for Land Trust Council of Illinois.

Presiding Justice McNULTY delivered the opinion of the court.

This action arises from a dispute between the beneficiaries of an Illinois land trust over the power to direct the land trustee. On appeal, we will consider whether the trial court correctly ruled that beneficiary Nathan Grossgold acted improperly in revoking the power of direction given to beneficiary Melvin Bornstein but that the trustee, First Chicago Trust Company, acted properly in refusing to honor...

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