CASHMAN v. COOPERS AND LYBRAND

No. 2-92-1473.

623 N.E.2d 907 (1993)

251 Ill. App.3d 730

191 Ill.Dec. 317

Joan CASHMAN et al., Plaintiffs-Appellants, v. COOPERS AND LYBRAND, Defendant-Appellee.

Appellate Court of Illinois, Second District.

Rehearing Denied December 13, 1993.


Attorney(s) appearing for the Case

Edward T. Joyce (argued), Richard S. Reizen, James X. Bormes, Joyce and Kubasiak, P.C., Chicago, for Joan Cashman, Robert Stotler, Steven Elkow, Terry Roggensack, James Mulka, Edwin Hansen, Morris Fox, Edwin Stotler, Mary Stotler, Robert Ferber, Bruce Payne, Nathan Yorke, Homer Grain Co., Busboom Grain Co., Susan Bartosch, John Home, Deborah Home, Antonio Cabezas, Amable Rosario, Jaime Acosta.

William M. Graham, Thomas L. Sbertoli, Graham, Graham & Sbertoli, Ltd., Libertyville, Arthur W. Aufmann, Joyce and Kubasiak, P.C., Paul A. Castiglione, Edward T. Joyce, P.C., Chicago, for plaintiffs appellants.

Harold C. Wheeler, Alexander S. Vesselinovitch, Seyfarth, Shaw, Fairweather & Geraldson, Chicago, William R. Maguire (argued), Hughes, Hubbard & Reed, New York City, for Coopers & Lybrand.

George A. Davidson, Hughes, Hubbard & Reed, New York City.


Presiding Justice INGLIS delivered the opinion of the court:

Plaintiffs, a group of shareholders and some former directors and officers of Stotler Group, Inc. (SGI), appeal from an order of the circuit court of Lake County which dismissed their complaint under section 2-615 of the Code of Civil Procedure (735 ILCS 5/2-615 (West 1992)). Plaintiffs had sued Coopers & Lybrand, an accounting firm (the accountants), alleging...

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