Nagel v. Northern Illinois Gas Co.

PBESIDING JUSTICE NIEMEYEB

delivered the opinion of the court.

Plaintiffs, the owners of 651 shares of more than 16,000,000 outstanding common shares of .defendant Commonwealth Edison Company (herein called Edison), appeal from a judgment for defendants in plaintiffs’ derivative action for the rescission of a contract between Edison and its subsidiary, the defendant Northern Illinois Gas Company (herein called Northern), designated their “Final Separation Contract,” the restoration to Edison of assets valued in excess of $5,000,000, alleged to have been given away without consideration by…