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HOUSMAN v. ALBRIGHT

No. 5-05-0270.

857 N.E.2d 724 (2006)

Louie HOUSMAN and Albert Johnson, Jr., Plaintiffs-Appellants, v. Dana ALBRIGHT, Deborah Guetterman, David Jackson, and Geoffrey Smith, Defendants-Appellees, and Waterfront Services Company, Nominal Defendant-Appellee.

Appellate Court of Illinois, Fifth District.

August 9, 2006.

Attorney(s) appearing for the Case

Seth D. Rigrodsky, Jennifer K. Hirsh, Milberg Weiss Bershad & Schulman LLP, New York, NY, Ralph N. Siammi, Milberg Weiss Bershad & Schulman LLP, Wilmington, DE, Mark A. Kochan, Kochan & Kochan, Herrin, for Appellants.

Eric D. Martin, Blackwell Sanders Peper Martin LLP, Edwardsville, Jeffrey A. Goffinet, Brandon, Schmidt, Goffinet & Solverson, Carbondale, for Appellees.

Justice HOPKINS delivered the opinion of the court:

The plaintiffs, Louie Housman and Albert Johnson, Jr., appeal from an order of the circuit court of Alexander County dismissing the shareholders' derivative complaint that they filed against the defendants, Dana Albright, Deborah Guetterman, David Jackson, and Geoffrey Smith, the president of the board of directors and the chief executive officer of Waterfront Services Company (Waterfront), in their capacities as...

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