Legal Opinion
Kern v. Chicago & Eastern Illinois Railroad
Appellate Court of Illinois
Decided June 9, 1972No. 55588PublishedCited by 9 opinions
1Opinion of the CourtJustice Drucker
Plaintiffs are two shareholders of Class A (preferred) Stock in the defendant Chicago & Eastern Illinois Railroad Company, hereinafter C & El. They seek to compel the payment of a 1959 dividend of $2 per share which they claim should have been paid to persons who exchanged or had their Class A shares redeemed in 1965, or who still hold their shares. The trial court granted defendant’s motion for summary judgment and plaintiffs appeal therefrom. The issues on appeal deal with the propriety of defendant’s computations upon which it based its conclusion that there were no net earnings available…
2Cases cited8 opinions
- American Trading & Production Corp. v. Fischbach & Moore, Inc.District Court, N.D. Illinois · 1970
- Guttmann v. Illinois Central R. CoCourt of Appeals for the Second Circuit · 1951
- Hart, Schaffner & Marx v. CampbellIndiana Court of Appeals · 1942
- Franklin County Distilling Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1942
- Cintas v. American Car Foundry Co.New Jersey Court of Chancery · 1942
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Stromberg Metal Works, Inc., and Comfort Control, Inc. v. Press Mechanical, Inc.Court of Appeals for the Seventh Circuit · 1996
- Edward F. BAGDON, Plaintiff-Appellee—Cross-Appellant, v. BRIDGESTONE/FIRESTONE, INC., Defendant-Appellant—Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1990
- National Association of Sporting Goods Wholesalers, Inc. v. F.T.L. Marketing CorporationCourt of Appeals for the Seventh Circuit · 1985
- Champagnie v. WE O'Neil Construction Co.Appellate Court of Illinois · 1979
- Franklin Life Insurance v. Commonwealth Edison Co.District Court, S.D. Illinois · 1978
4 more not listed; retrieve them via the Exa API.