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KIRCHHOFF v. ROSEN

No. 1-91-0497.

592 N.E.2d 371 (1992)

227 Ill. App.3d 870

169 Ill.Dec. 884

Robert KIRCHHOFF, Carl Kirchhoff, Wayde Kirchoff, and All-Foam Industries, Inc., an Illinois corporation, Plaintiffs-Appellants and Counter-Defendants/Cross-Appellees, v. Morton I. ROSEN, James T. Farrell, Valee Foam Plastics, Inc., a former foreign corporation and current subsidiary of Polyfoam Packers, Inc., and Polyfoam Packers, Inc., an Illinois corporation, Defendants-Appellees and Counter-Plaintiffs/Cross-Appellants.

Appellate Court of Illinois, First District, Fifth Division.

March 27, 1992.

Attorney(s) appearing for the Case

William J. Arendt, Kanter & Mattenson, Ltd., Chicago, for plaintiffs-appellants and counter-defendants/cross-appellees.

Alan L. Unikel, Bryan W. Sill, Seyfarth, Shaw, Fairweather & Geraldson, Marvin Tenenbaum, Tenenbaum & Senderowitz, Chicago, for defendants-appellees and counter-plaintiffs/cross-appellants.

Justice MURRAY delivered the opinion of the court:

Plaintiffs, Robert Kirchhoff, Carl Kirchhoff, Wayde Kirchhoff, and All-Foam Industries, Inc. (Kirchhoffs), filed this action in chancery claiming fraudulent inducement and sought rescission of a written contract between the parties entitled "Convertible Subordinated Note Agreement" and money damages against the defendants, Morton I. Rosen, James T. Farrell, Valee Foam Plastics, Inc., and Polyfoam Packers, Inc. The...

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