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Legal Opinion

Andreasen v. Suburban Bank

Appellate Court of Illinois

Decided July 28, 1988No. 87-3156PublishedCited by 5 opinions

1Opinion of the CourtJustice Linn

In 1986, plaintiffs-counterdefendants, minority shareholders of Suburban Bank of Bartlett, filed a stock appraisal action against the bank. They were represented by two law firms, Law Offices of Frederic F. Brace, Jr. (Brace), and Cromer, Wittenstrom & Meyer (GW&M). Brace was to try the case and GW&M was to act as liaison, channelling information between the minority shareholders and Brace.

The bank filed a counterclaim against six of the shareholders who were also former officers or directors of the bank. Neither law firm representing the shareholders filed an answer to the counterclaim and a…

2Cases cited14 opinions

  1. Lord v. HubertIllinois Supreme Court · 1957
  2. Pierce v. MacNeal Memorial Hospital Ass'nAppellate Court of Illinois · 1977
  3. City of Chicago v. Central National BankAppellate Court of Illinois · 1985
  4. Meeker v. GrayAppellate Court of Illinois · 1986
  5. Bachewicz v. American National Bank & Trust Co.Appellate Court of Illinois · 1985

9 more not listed; retrieve them via the Exa API.

3Cited by5 opinions

  1. Froehlich v. SheehanAppellate Court of Illinois · 1992
  2. In re Marriage of DrewitchAppellate Court of Illinois · 1994
  3. First National Bank v. Board of Managers of Faulker House Condominium Ass'nAppellate Court of Illinois · 1993
  4. In Re Marriage of ChesrowAppellate Court of Illinois · 1994
  5. Suburban Real Estate Services, Inc. v. GasperoAppellate Court of Illinois · 2023

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