Midkiff v. Gingrich

The plaintiffs, Dr. Marlene Freeman and Dr. Christina Midkiff, filed a complaint against the defendants, Dr. Tina Gingrich and Tina M.F. Gingrich, M.D., P.C., seeking, among other things, nonpublic shareholder relief pursuant to section 12.56 of the Business Corporation Act of 1983 (Act) (805 ILCS 5/12.56 (West 2002)). Dr. Gingrich filed a notice of election to purchase the plaintiffs’ shares (see 805 ILCS 5/12.56(f) (West 2002)). The trial court granted the plaintiffs’ motion to strike Dr. Gingrich’s notice of election, finding that it was defective because it stated the amount at which she…