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RENNELL v. ROWE

No. 10-1388.

635 F.3d 1008 (2011)

Richard J. RENNELL, Jr. and R.E. Fund Management Group, LLC, Plaintiffs-Appellants, v. Randall K. ROWE, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided March 25, 2011.

Attorney(s) appearing for the Case

Christian M. Bates (argued), Attorney, Westlake, OH, for Plaintiffs-Appellants.

Kristi Lynn Nelson (argued), Attorney, DLA Piper U.S. LLP, Chicago, IL, for Defendants-Appellees.

Before POSNER, KANNE, and WOOD, Circuit Judges.

WOOD, Circuit Judge.

Richard Rennell and Randall Rowe ran a company that managed manufactured-housing communities. In 2007 Rowe bought out Rennell's interest in the joint venture. At the time, Rowe told Rennell that he was terminating the joint venture and essentially gave Rennell an offer he couldn't refuse: either take approximately $300,000 and walk away, or walk away with nothing. Rennell took the money, but he was not pleased. He and his company, R.E. Fund responded...

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