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PRECISION EXTRUSIONS, INC. v. STEWART

Gen. No. 48,196.

36 Ill. App.2d 30 (1962)

183 N.E.2d 547

Precision Extrusions, Inc., Plaintiff-Appellee, v. Philip B. Stewart II, Belton E. Hall and Samuel H. Duhl, Defendants, Third Party Plaintiffs, Appellants. Wyckoff-Anderson, Inc., Third Party Defendant.

Appellate Court of Illinois — First District, Third Division.

Rehearing denied and opinion modified April 26, 1962.

Attorney(s) appearing for the Case

Bell Boyd, Marshall & Lloyd, of Chicago (Charles E. Herzog and Thomas R. McMillen, of counsel), for appellants.

Miller, Gorham, Wescott & Adams, of Chicago (John F. Arnold, of counsel), for appellee.

MR. PRESIDING JUSTICE McCORMICK delivered the opinion of the court.

A summary judgment in the sum of $12,500 was entered in the Superior Court of Cook County in favor of Precision Extrusions, Inc. (hereafter referred to as plaintiff) against Philip B. Stewart II, Belton E. Hall, and Samuel H. Duhl (hereafter referred to as defendants). It was alleged that the three defendants were directors of Stewart-Hall Corporation at the time it had purchased 1,275 of its own...

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