Peru Steel Erectors, Inc. v. Yirga

Plaintiff-corporation, Peru Steel Erectors, Inc., appeals to this court from a judgment in favor of defendant Steve Yirga following a jury verdict for defendant in the circuit court of La Salle County. The action was instituted by the plaintiff-corporation as against defendant Steve Yirga in a complaint which alleged that he was one of the stockholders of the plaintiff-corporation and had failed to pay for the shares of stock issued to him.

From the record it is apparent that defendant admitted that he only nominally held the shares of stock issued by Peru Steel Erectors, Inc. He admitted that…