Harris Trust & Savings Bank v. Joanna-Western Mills Co.

Plaintiffs, Harris Trust & Savings Bank and Dorothy A. Rumsfeld, as co-executors of the estate of Herbert W. Rumsfeld, commenced this action following decedent’s death in 1973 against defendant, Joanna-Western Mills Company, seeking specific performance of a stock redemption agreement allegedly entered into by decedent and defendant on February 17, 1949. The trial court denied defendant’s motion for summary judgment and granted plaintiffs’ motion for summary judgment, whereby defendant was ordered to perform pursuant to the terms of the redemption agreement.

Defendant appeals from the decree…