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AMER. RUBBER & PLASTICS v. FIRST NAT. BK. OF CHI

No. 54484.

131 Ill. App.2d 502 (1970)

266 N.E.2d 375

AMERICAN RUBBER AND PLASTICS CORPORATION et al., Plaintiffs-Appellees, v. THE FIRST NATIONAL BANK OF CHICAGO et al., Defendants-Appellants.

Appellate Court of Illinois — First District.

November 23, 1970.

Attorney(s) appearing for the Case

Schiff, Hardin, Waite, Dorschel & Britton, of Chicago, (William T. Hart and William S. McDowell, of counsel,) for appellants.

William J. Scott, Attorney General, of Chicago, (Francis T. Crowe and Lucille Lane, Assistant Attorneys General, of counsel,) intervenor on behalf of the People of Illinois.

Milroy Blowitz and Alexander J. Ross, both of Chicago, for appellees.

Judgment affirmed.

Mr. JUSTICE ADESKO delivered the opinion of the court:

This is an appeal from a decree entered on the pleadings. Plaintiffs filed an amended complaint which sought injunctive or in the alternative declaratory relief against the sale by defendants of 149,750 shares of American Rubber and Plastics Corporation stock without first offering the stock to plaintiffs. Defendants moved for judgment on the pleadings or in the alternative summary judgment...

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