Shlensky v. South Parkway Building Corp.

Plaintiffs Harold and Max Shlensky, suing on behalf of themselves and other stockholders of the South Parkway Building Corporation, have been allowed by this court to appeal from an Appellate Court judgment reversing the chancellor’s decree ordering defendants, as directors of the corporation, to give an accounting for the benefit of the stockholders.

This appeal involves a determination of Illinois law respecting the obligation of corporate directors in transactions between corporations with interlocking directorates, and poses the question whether defendants have infringed this law in any of…