Jeffrey Allen Industries, Inc. v. Sheldon F. Good & Co.

Plaintiffs-appellants appeal from the circuit court’s order striking those portions of plaintiffs’ second amended complaint alleging that defendants failed to inform plaintiffs of Thermal Laminating Corporation’s (TLC’s) offer to purchase plaintiffs’ property.

Plaintiff Joan Kulwin (Kulwin) succeeded her husband, after his death, as chief operating officer and stockholder of plaintiff Jeffrey Allen Industries, Inc. (corporation). The corporation’s main assets included a small manufacturing business and a commercial building in Evanston, Illinois. Kulwin and the Northern Trust Company were…