Full Disclosure of Documents Regarding Stock’s Value Required

Business Valuation Update BVLaw
Legal and Court Case Update
April 13, 1998

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breach of fiduciary duty
William Sims, et al. v. Robert Tezak, et al.
No. 1-96-3887 (Ill. App. 1 Dist. 1998)
US
State Court
Illinois
Court of Appeals
Gallagher

Summary

The Illinois Court of Appeals reversed the lower court's grant of summary judgment to Tezak on Sims' claims of fraud in connection with the sale of his minority interest to Tezak.

See Also

William Sims, et al. v. Robert Tezak, et al.

Full Text of Court Cases
April 13, 1998

The Illinois Court of Appeals reversed the lower court's grant of summary judgment to Tezak on Sims claims of fraud in connection with the sale of his minority interest to Tezak. It found that a hearer may rely upon the speaker's representations made duri ...