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LEVY v. MARKAL SALES CORP.

No. 1-92-3021.

643 N.E.2d 1206 (1994)

268 Ill. App.3d 355

205 Ill.Dec. 599

Kenneth W. LEVY, Plaintiff-Appellee, Cross-Appellant, v. MARKAL SALES CORPORATION, an Illinois corporation, G/B Marketing, Inc., an Illinois corporation, Markal Sales Corporation of Michigan, an Illinois corporation, Victor Gust, Jr., and Robert Bakal, Defendants-Appellants, Cross-Appellees.

Appellate Court of Illinois, First District, Sixth Division.

Rehearing Denied December 21, 1994.

Attorney(s) appearing for the Case

William R. Quinlan, Michael K. Bartosz and Michael I. Rothstein, of Pope & John, Ltd., Chicago, for appellant.

Gary P. Hollander of Bixby, Lechner & Potratz, P.C. and Lewis W. Schlifkin, Chicago, for appellees.

Presiding Justice EGAN delivered the opinion of the court:

Kenneth Levy, the plaintiff, sued several defendants, including Victor Gust, Jr., and Robert Bakal. After a lengthy bench trial, the trial judge found that Gust and Bakal had breached their fiduciary duties to Levy and to the corporations in which all three men owned stock. The judge awarded Levy $3,000,000 in punitive damages and approximately $2,000,000 in compensatory...

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