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DOUGLAS v. TONIGAN

No. 92 C 6235.

830 F.Supp. 457 (1993)

Andrew J. DOUGLAS, Sally P. Douglas, Kenneth J. Douglas, and Profile Publications, Inc., an Illinois Corporation, Plaintiffs, v. Henry C. TONIGAN, Defendant.

United States District Court, N.D. Illinois, E.D.

September 10, 1993.

Attorney(s) appearing for the Case

Leland W. Hutchinson, Jr., Diane Maria Cifuentes, Freeborn & Peters, Chicago, IL, for plaintiffs.

Jeffrey E. Stone, Lazar Pol Raynal, McDermott, Will & Emery, P.C., Chicago, IL, for defendant.

MEMORANDUM OPINION

GRADY, District Judge.

Before the court is defendant's motion to dismiss the amended complaint. The motion is denied.

BACKGROUND

On August 30, 1991, defendant Henry C. Tonigan, the sole shareholder of Profile Publications, Inc. ("Old PPI"), sold all of his stock in the corporation for $600,000.00 to Profile Acquisition Corporation ("Profile"), which then...

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