Hamilton v. Conley

Plaintiff, Dean Hamilton, a former shareholder of Hahnaman-Albrecht, Inc. (HAI), a dissolved Illinois corporation, appeals the dismissal of his complaint against defendants HAI; Kristopher Conley (Conley), a former officer and director of HAI; and Conley Grain Company (Conley Grain) and Harmon Grain, LLC (Harmon Grain), entities that Conley allegedly controlled. Plaintiff argues that he may maintain an action alleging that, following HAI’s dissolution, Conley misappropriated HAI’s assets by transferring them to Conley Grain and Harmon Grain. We agree. Thus, we reverse and remand.

I. BACKGROUND

H…