Chicago Corp. v. White

On April 28, 1970, a default judgment in the amount of $418,994.74 was entered in favor of plaintiff, The Chicago Corporation, and against defendant James J. White in the circuit court of Cook County. The judgment included findings of fact with regard to defendant’s failure to respond to summons and his delivery of a $304,586.46 personal check to plaintiff in exchange for 2,200 shares of stock at a time when he did not have sufficient funds in his account to cover payment of this check. The judgment also included a finding that defendant failed to take delivery of an additional 6,800 shares…