Anderson v. Burton Associates, Ltd.

PRESIDING JUSTICE RAKOWSKI

delivered the opinion of the court:

Defendant-appellant Burton Associates, Inc. (Burton), appeals from an order granting partial summary judgment to plaintiff-appellee Richard Anderson (Anderson) on count I of Anderson’s complaint. The judgment awarded Anderson full value for his stock in Burton, which was Anderson’s former employer, pursuant to a shareholders’ stock redemption agreement.

Burton is an Illinois professional corporation in the business of certified public accounting. Defendant Lawrence B. Irwin (Irwin), an accountant, was the owner of 120 of the 126…