Frank D. SEINFELD, individually, as class representative, and derivatively on behalf of Baxter Healthcare Corporation, Plaintiff-Appellee-Cross-Appellant,
v.
Karl D. BAYS, Harold G. Bernthal, Frank A. Ehmann, Will R. Pierie, Henry G. van der Eb, Mary Johnson Evans, John A.D. Cooper, Charles W. Lake, Jr., Robert G. Petersdorf, Blaine J. Yarrington, Graham J. Morgan, Silas S. Cathcart, Richard M. Mackay, and Hospital Corporation of America, Defendants-Appellants-Cross-Appellees (Baxter Healthcare Corporation, Nominal Defendant-Cross-Appellee).
Appellate Court of Illinois, First District, 6th Division.https://leagle.com/images/logo.png
May 22, 1992.
May 22, 1992.
Attorney(s) appearing for the Case
Bass, Berry & Sims (Steven A. Riley, Robert E. Cooper, Jr., of counsel), Nashville, Tenn., Hopkins & Sutter (John Conlon, Katherine T. Millett, of counsel), Chicago, for appellant Hospital Corp. of America.
Sidley & Austin (Michael I. Miller, David M. Stahl and Emily J. Rothman, of counsel), Chicago, for appellants Bays, Bernthal, Ehmann, Pierie, van der Eb, Evans, Cooper, Lake, Petersdorf, Yarrington, Morgan, Cathcart and MacKay ("AMERICAN DIRECTORS").
Cherry & Flynn (Myron M. Cherry, Peter Flynn, of counsel), Robinson, Curley & Clayton (Fay Clayton, David Rubman, of counsel), Chicago, Garwin, Bronzaft, Gerstein & Fisher (Betram Bronzaft, of counsel), New York City, Sachnoff & Weaver, Ltd. (Lowell E. Sachnoff, Joel N. Shapiro, of counsel), Chicago, and Wolf, Popper, Ross, Wolf & Jones (Klari Neuwelt, of counsel), New York City, for appellee, Seinfeld.
Bell, Boyd & Lloyd (John P. Scotellaro, John W. Rotunno, of counsel), Chicago, for Nominal defendant-cross-appellee Baxter Healthcare Corp.
Appellate Court of Illinois, First District, 6th Division.
Justice LaPORTA delivered the opinion of the court:
This appeal arises from a four-count complaint brought by plaintiff against Hospital Corporation of America (HCA), Baxter Healthcare Corporation (Baxter), as nominal defendant, and against the former directors of American Hospital Supply Corporation (American).
Counts I and II of the complaint asserted shareholders' derivative claims, on behalf of Baxter, against...
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