Legal Opinion
Weigel Broadcasting Co. v. Smith
Appellate Court of Illinois
Decided December 12, 1996No. 1-95-1626PublishedCited by 16 opinions
1Opinion of the CourtJustice Wolfson
The minority shareholders in this case had no choice: they had to sell their shares to the majority. This dispute concerns the value of the minority shares. To resolve the issue, we have to determine the meaning of the words "fair value” in the Business Corporation Act of 1983 (805 ILCS 5/11.70 (West 1992)).
On January 5, 1988, Weigel Broadcasting Co. (Weigel) petitioned the court to determine the "fair value” of its common stock, in accord with section 11.70 of the Business Corporation Act (805 ILCS 5/11.70 (West 1992)), after a number of minority shareholders dissented from the company’s…
2Cases cited10 opinions
- Stanton v. Republic Bank of S. ChicagoIllinois Supreme Court · 1991
- Tadros v. KuzmakAppellate Court of Illinois · 1995
- Ryan v. City of ChicagoAppellate Court of Illinois · 1995
- Helland v. HellandAppellate Court of Illinois · 1991
- Stewart v. D. J. Stewart & Co.Appellate Court of Illinois · 1976
5 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Pueblo Bancorporation v. Lindoe, Inc.Supreme Court of Colorado · 2003
- Pueblo Bancorporation v. Lindoe, Inc.Colorado Court of Appeals · 2002
- Brynwood Co. v. SchweisbergerAppellate Court of Illinois · 2009
- Matthew G. Norton Co. v. SmythCourt of Appeals of Washington · 2002
- Matthew G. Norton Co. v. SmythCourt of Appeals of Washington · 2002
11 more not listed; retrieve them via the Exa API.