Lower v. Lanark Mutual Fire Insurance

This is the second appeal resulting from the ongoing litigation between plaintiff, Mary Jean Lower, and the defendants, Lanark Mutual Fire Insurance Company (Lanark) and the directors of said company.

The history of this litigation is succinctly set forth in this court’s opinion in Lower v. Lanark Mutual Fire Insurance Co. (1983), 114 Ill. App. 3d 462, and, therefore will not be restated in full here. However, by way of background, on December 27, 1979, the plaintiff filed a shareholder’s derivative action against Lanark as a nominal defendant and members of Lanark’s board of directors. The…