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COHAN v. CITICORP

No. 1-91-0338.

639 N.E.2d 1302 (1993)

266 Ill.App.3d 626

203 Ill.Dec. 483

Richard S. COHAN and Rose Cohan, on behalf of themselves and all others similarly situated, Plaintiffs-Appellants, v. CITICORP, a Delaware Corporation, and Citibank, N.A., a National Banking Association, Defendants-Appellees.

Appellate Court of Illinois, First District, Third Division.

November 17, 1993.

Attorney(s) appearing for the Case

Clinton A. Krislov, Chicago, Paul R. Karasik, Highland Park, for plaintiffs-appellants.

Kirkland & Ellis, Chicago (Samuel A. Haubold, James D. Dasso, of counsel), for defendants-appellees.

Justice RIZZI delivered the opinion of the court:

Plaintiffs, Richard S. Cohan and Rose Cohan, on behalf of themselves and all others similarly situated, brought a class action against defendants, Citicorp and Citibank, N.A. Plaintiffs sought declaratory relief and money damages stemming from the assessment of custodial fees charged by defendants for services performed in connection with American Depository Receipts (ADR's). Following a hearing on defendants' motion...

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