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SPSS, INC. v. CARNAHAN-WALSH

No. 1-93-2130.

641 N.E.2d 984 (1994)

267 Ill.App.3d 586

204 Ill.Dec. 554

SPSS, INC., Petitioner-Appellant, v. Ellen CARNAHAN-WALSH and John Grillos, Respondents-Appellees.

Appellate Court of Illinois, First District, Fifth Division.

October 21, 1994.

Attorney(s) appearing for the Case

Ross & Hardies, Lawrence R. Samuels, Jacquelyn F. Kidder and Patricia K. Smoots, Chicago, for appellant.

David A. Belofsky & Associates, David A. Belofsky, Chicago, for appellee Ellen Carnahan-Walsh.

Sperling, Slater & Spitz, P.C., Bruce S. Sperling and Mitchell H. Macknin, Chicago, for appellee John Grillos.

Justice McNULTY delivered the opinion of the court:

Plaintiff SPSS filed this statutory appraisal proceeding, pursuant to section 11.70 of the Illinois Business Corporation Act of 1983 (805 ILCS 5/11.70 (West 1992)) (Act), for a judicial determination of the fair value of certain shares of SPSS Class B common stock owned by defendants John Grillos, Ellen Carnahan-Walsh and Ronald Wanke. (SPSS and Wanke reached a settlement before trial and Wanke is therefore not part...

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