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SUNLITZ HOLDING v. TRADING BLOCK HOLDINGS

No. 1-13-3938.

17 N.E.3d 715 (2014)

2014 IL App (1st) 133938

384 Ill. Dec. 733

SUNLITZ HOLDING COMPANY, W.L.L., Herbert J. Walberg, and Roger S. Brownworth, Plaintiffs-Appellants, v. TRADING BLOCK HOLDINGS, INC., and Stephen Hoffman, in His Capacity as Chief Executive Officer of Trading Block Holdings, Inc., Defendants-Appellees.

Appellate Court of Illinois, First District, Fourth Division.

August 14, 2014.

Attorney(s) appearing for the Case

Anthony C. Porcelli , Jeremy S. Unruh , and Nicole A. Poulos , all of Polsinelli PC, of Chicago, for appellants.

John M. Riccione , Lisa J. Brodsky , and Amy M. Rapoport , all of Aronberg Goldgehn Davis & Garmisa, of Chicago, for appellees.

OPINION

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

¶ 1 This case presents the question of whether shareholder-plaintiffs Sunliz Holding Company, W.L.L. (Sunliz),1 Herbert J. Walberg, and Roger S. Brownworth (collectively, plaintiffs) established a proper purpose to inspect the books and records of the defendant corporation Trading Block Holdings, Inc. (Trading Block), under section 7.75 of the Business...

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