Koenig v. Bickel

Plaintiffs, as holders of ten units of interest in a trust, the res of which consists of 836 shares of the capital stock of Frances, Inc., a corporation, owner of an apartment building located at 5201-07 Woodlawn avenue in Chicago, filed their complaint in chancery to set aside a sale by John J. Biekel, Jr., W. Gf. Sturm and E. Gr. Sundín, the voting trustees, to Earl W. Johnson under a written agreement dated June 25, 1947. The chancellor who heard the cause entered a decree dismissing the suit for want of equity, from which plaintiffs appeal.

There is substantial agreement as to the salient…