Pridmore v. Whiting Corp.

In a proceeding commenced by virtue of the provisions of amended section 73 of the General Corporation Act of Illinois, in force July 1, 1919, Cahill’s St. ch. 32, ¶ 73, there was a hearing before the court without a jury in April, 1932, resulting in a finding and judgment against defendant for $13,336.27, and the present appeal followed.

Under the pleadings the ultimate question for the court’s determination was the “fair value” of plaintiff’s 765 shares of stock of the Gfrindle Fuel Equipment Co. (hereinafter called the Gfrindle Co.). In making the finding the court fixed that fair value at…