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FOLEY v. SANTA FE PACIFIC CORP.

No. 1-92-4143.

641 N.E.2d 992 (1994)

267 Ill.App.3d 555

204 Ill.Dec. 562

Richard D. FOLEY and Robert L. Payne, Plaintiffs-Appellants, v. SANTA FE PACIFIC CORPORATION, Defendant-Appellee.

Appellate Court of Illinois, First District, Fifth Division.

October 21, 1994.

Attorney(s) appearing for the Case

Robert A. Holstein, Aron D. Robinson, C. Corey S. Berman, Holstein, Mack & Klein, Chicago, for appellants.

Paula J. Morency, Thomas W. Dimond, Mayer, Brown & Platt, Chicago, for appellee.

Presiding Justice MURRAY delivered the opinion of the court:

Plaintiffs, Richard D. Foley (Foley) and Robert L. Payne (Payne) brought an action against defendant, Santa Fe Pacific Corporation (Santa Fe) under the "corporate benefit rule" to recover costs and fees allegedly associated with their having inured a benefit to the defendant. Plaintiffs are two shareholders of defendant. Plaintiffs appeal the trial court's grant of judgment on the pleadings in favor of defendant...

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