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KIPNIS v. MANDEL METALS, INC.

No. 1-99-2163.

741 N.E.2d 1033 (2000)

318 Ill. App.3d 498

251 Ill.Dec. 855

William KIPNIS, Plaintiff-Appellant, v. MANDEL METALS, INC., Defendant-Appellee.

Appellate Court of Illinois, First District, Sixth Division.

Rehearing Denied January 16, 2001.

Attorney(s) appearing for the Case

William I. Goldberg, Nicole D'Arcamball, Holleb & Coff, Chicago, for Appellant.

Nathan H. Lichtenstein, William J. Serritella, Jr., Aronberg Goldgehn Davis & Garmisa, Chicago, for Appellee.

Justice BUCKLEY delivered the opinion of the court:

This action arises from an employment contract dispute. In October 1990, Richard Mandel, acting on behalf of defendant, Mandel Metals, Inc. (MMI), entered into a contract with plaintiff William Kipnis. The contract gave Kipnis a 25% interest in the sale of one or more of MMI's divisions, should such division(s) be sold. Alternatively, the contract gave Kipnis the right to make a bona fide offer to purchase...

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