DOWNS v. ROSENTHAL COLLINS GROUP, L.L.C.

Nos. 1-09-0970, 1-09-2091.

963 N.E.2d 282 (2011)

357 Ill. Dec. 329

Michael A. DOWNS, Individually; and Rosenthal Collins Group, L.L.C., Derivatively By Michael A. Downs, Plaintiffs-Appellees, v. ROSENTHAL COLLINS GROUP, L.L.C., Defendant-Appellant (Dreadnought Partners, L.L.C.; Knot, L.L.C.; J. Roberts Collins; and Leslie Rosenthal, Defendants).

Appellate Court of Illinois, First District, Sixth Division.

Rehearing Denied January 30, 2012.


Attorney(s) appearing for the Case

Wolin, Kelter & Rosen, Ltd., Chicago ( Jeffrey Schulman , Elizabeth Schutte , of counsel), for appellant.

Sperling & Slater, P.C., Chicago ( Steven C. Florsheim , Daniel A. Shmikler , Michael G. Dickler , of counsel), for appellee Michael A. Downs.


OPINION

Justice LAMPKIN delivered the judgment of the court, with opinion.

¶ 1 Following a bench trial, a declaratory judgment was entered awarding plaintiff, Michael Downs, 2.5% equity interest in defendant company, Rosenthal Collins Group, L.L.C. (RCG), and the resulting profit/loss distributions since his termination from the company in 2004. The court additionally found that plaintiff was entitled to statutory prejudgment interest.

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