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CAULFIELD v. PACKER GROUP, INC.

No. 1-15-1558.

56 N.E.3d 509 (2016)

2016 IL App (1st) 151558

Edward M. CAULFIELD and Michael G. Koehler, Derivatively and on Behalf of The Packer Group, Inc., and Packer Engineering, Inc., Plaintiffs-Appellants, v. The PACKER GROUP, INC.; Packer Engineering, Inc.; and Packer Technologies International, Inc., Defendants (Kenneth F. Packer; Charlotte A. Sartain; Warren K. Denniston; David Packer; Deborah Hockman; Russ Johnson; and William Carroll, Defendants-Appellees).

Appellate Court of Illinois, First District, Sixth Division.

June 24, 2016.

Attorney(s) appearing for the Case

Locke Lord LLP, of Chicago ( Michael H. King , Bilal Zaheer , and Aaron J. Hersh , of counsel), for appellants.

Tressler LLP, of Chicago ( James Borcia , of counsel), for appellee Kenneth F. Packer and Charlotte A. Sartain.

Coman & Anderson, P.C., of Lisle ( Jeffrey R. Platt , of counsel), for appellee David Packer.

Huck Bouma, PC, of Wheaton ( Kathleen R. Ryding , of counsel), for appellee Russell Johnson.

Ice Miller LLP, of Chicago ( John D. Burke and Heather L. Maly , of counsel), for appellees Deborah Hockman and William Carroll.

OPINION

¶ 1 Plaintiffs, Dr. Edward M. Caulfield and Dr. Michael G. Koehler, brought a shareholders' derivative action on behalf of The Packer Group, Inc. (TPG), and Packer Engineering, Inc. (PEI), against defendants, Dr. Kenneth F. Packer, Charlotte A. Sartain...

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