Gumberts v. East Oak Street Hotel Co.

On April 16, 1948, the plaintiff, Sadie Gumberts, brought an action in the circuit court of Cook County to set aside a sale by the East Oak Street Hotel Company, a Delaware corporation, of its hotel property to the 40 East Oak Hotel Corporation, an Illinois corporation, hereafter referred to as the vendor company and the new company, respectively. In addition to the named corporations, Delbert M. Ruggles, Edwin J. Elting and Clarence E. Pullum, both individually and as officers and directors of the vendor corporation, and the corporate trustees under three trust deeds were also named as…