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LEWIS X. COHEN INS. TRUST v. STERN

No. 1-96-2907.

696 N.E.2d 743 (1998)

297 Ill. App.3d 220

231 Ill.Dec. 447

LEWIS X. COHEN INSURANCE TRUST and Harold B. Cohen Trust, Plaintiffs-Appellees and Cross-Appellants, v. Jerome H. STERN and Merit Financial Corporation, Defendants-Appellants and Cross-Appellees.

Appellate Court of Illinois, First District, First Division.

June 8, 1998.

Attorney(s) appearing for the Case

The Law Offices of Robert A. Holstein & Associates, P.C., Chicago (Martin K. Berks, of counsel), for Appellants.

Pamela McLean Meyerson, Oak Park, Parillo, Weiss & O'Halloran, Chicago (M. Kathleen McHugh, of counsel), for Appellees.

Presiding Justice BUCKLEY delivered the opinion of the court:

Plaintiffs the Lewis X. Cohen Insurance Trust and the Harold B. Cohen Trust brought an action against defendants Merit Financial Corporation (Merit) and Jerome H. Stern (Stern) alleging breach of a stock purchase agreement (Agreement). The trial court entered summary judgment for plaintiffs, finding that Merit wrongfully refused to pay plaintiffs certain postclosing sums recovered by Merit. The trial court...

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