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AETNA SCREW PRODUCTS CO. v. BORG

No. 81-1537.

116 Ill. App.3d 206 (1983)

451 N.E.2d 1260

AETNA SCREW PRODUCTS COMPANY, Plaintiff and Counterdefendant-Appellee, v. PHILIP BORG, Defendant and Counterplaintiff-Appellant.

Appellate Court of Illinois — First District (4th Division).

Rehearing denied May 3, 1983.

Attorney(s) appearing for the Case

Beermann, Swerdlove, Woloshin, Barezky & Berkson, of Chicago (Miles N. Beermann, Howard A. London, and Susan L. Brody, of counsel), for appellant.

Feiwell, Galper & Lasky, Ltd., of Chicago (George S. Feiwell, Daniel C. Meenan, Jr., and Craig P. Ehrlich, of counsel), for appellee.

Affirmed in part, and reversed in part and remanded.

JUSTICE LINN delivered the opinion of the court:

Plaintiff, Aetna Screw Products Company (Aetna), brought an action in the chancery division of the circuit court of Cook County seeking a declaratory judgment that defendant, Philip Borg, owed Aetna $145,359.92 pursuant to a tax indemnification agreement between the parties. Borg counterclaimed for reformation of the tax indemnification clause of the contract...

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