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FMC CORP. v. BOESKY

No. 87-1678.

852 F.2d 981 (1988)

FMC CORPORATION, Plaintiff-Appellant, v. Ivan F. BOESKY, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided July 21, 1988.

Attorney(s) appearing for the Case

Thomas P. Sullivan, Jenner & Block, Chicago, Ill., for plaintiff-appellant.

William E. Willis, Sullivan & Cromwell, New York City, Charles E. Davidow, Wilmer, Cutler & Pickering, Washington, D.C., for defendants-appellees.

Before BAUER, Chief Judge, and RIPPLE and MANION, Circuit Judges.

BAUER, Chief Judge.

On November 14, 1986, Ivan F. Boesky passed quickly from fame to infamy. That afternoon, after the markets closed, federal officials announced that the Securities and Exchange Commission ("SEC") had charged Boesky with violating the securities laws by trading in the stock of at least seven corporations with the benefit of material nonpublic information. The officials also announced that Boesky had entered...

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