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IFC CREDIT CORP. v. UNITED BUS. & INDUS. FEDERAL CREDIT

No. 07-1037.

512 F.3d 989 (2008)

IFC CREDIT CORPORATION, Plaintiff-Appellant, v. UNITED BUSINESS & INDUSTRIAL FEDERAL CREDIT UNION, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided January 15, 2008.

Attorney(s) appearing for the Case

Vincent T. Borst (argued), Debra R. Devassy, Askounis & Borst, Chicago, IL, for Plaintiff-Appellant.

Gregory A. Adamski, Samantha R. Engel (argued), Adamski & Conti, Chicago, IL, for Defendant-Appellee.

Before EASTERBROOK, Chief Judge, and FLAUM and KANNE, Circuit Judges.

EASTERBROOK, Chief Judge.

Norvergence sold telecommunications equipment and services—or claimed to do so. After three apparently flourishing years it collapsed. The supposedly wondrous equipment it sold or rented, which it called a Merged Access. Transport Intelligent Xchange (MATRIX) device, turned out to be a standard integrated-access box with none of the benefits that Norvergence had touted.

Our case is one of many filed by IFC Credit Corporation...

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