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MAGNUS v. LUTHERN GEN. HEALTH CARE SYS.

Nos. 1-91-2534, 1-91-2661.

601 N.E.2d 907 (1992)

235 Ill. App.3d 173

176 Ill.Dec. 209

Alexander B. MAGNUS, Jr., Plaintiff-Appellant, v. LUTHERAN GENERAL HEALTH CARE SYSTEM and Parkside Development Corporation, Defendants-Appellees. PARKSIDE DEVELOPMENT CORPORATION, Plaintiff-Appellant, v. Alexander B. MAGNUS, Jr., Defendant-Appellee.

Appellate Court of Illinois, First District, Third Division.

September 2, 1992.

Attorney(s) appearing for the Case

Rudnick and Wolfe, Chicago, for plaintiff-appellant, Alexander B. Magnus, Jr.

Mayer, Brown & Platt, Chicago, for defendant-appellee, Parkside Development Corp.

Justice CERDA delivered the opinion of the court:

This is a consolidated appeal arising from the purchase and sale of various assets, including real estate, related to the development of a retirement housing project in Arlington Heights. Albert B. Magnus, Jr., and his partner, Joel Hillman, sold the assets to Lutheran General Health Care System ("Lutheran General") and its subsidiary, Parkside Development Corporation (...

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