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SUNLITZ HOLDING v. TRADING BLOCK HOLDINGS

No. 1-13-3938.

17 N.E.3d 715 (2014)

2014 IL App (1st) 133938

384 Ill. Dec. 733

SUNLITZ HOLDING COMPANY, W.L.L., Herbert J. Walberg, and Roger S. Brownworth, Plaintiffs-Appellants, v. TRADING BLOCK HOLDINGS, INC., and Stephen Hoffman, in His Capacity as Chief Executive Officer of Trading Block Holdings, Inc., Defendants-Appellees.

Appellate Court of Illinois, First District, Fourth Division.

August 14, 2014.

Attorney(s) appearing for the Case

Anthony C. Porcelli, Jeremy S. Unruh, and Nicole A. Poulos, all of Polsinelli PC, of Chicago, for appellants.

John M. Riccione, Lisa J. Brodsky, and Amy M. Rapoport, all of Aronberg Goldgehn Davis & Garmisa, of Chicago, for appellees.

OPINION

Justice EPSTEIN delivered the judgment of the court, with opinion.

¶ 1 This case presents the question of whether shareholder-plaintiffs Sunliz Holding Company, W.L.L. (Sunliz),1 Herbert J. Walberg, and Roger S. Brownworth (collectively, plaintiffs) established a proper purpose to inspect the books and records of the defendant corporation Trading Block Holdings, Inc. (Trading Block), under section 7.75 of the Business...

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