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LAYSTROM v. CONTINENTAL COPPER & STEEL INDUSTRIES

No. 11668.

244 F.2d 504 (1957)

C. A. LAYSTROM et al., Plaintiffs-Appellants, v. CONTINENTAL COPPER & STEEL INDUSTRIES, Inc., a Delaware corporation, Defendant-Appellee.

United States Court of Appeals Seventh Circuit.

Rehearing Denied June 14, 1957.

Attorney(s) appearing for the Case

Frank D. Mayer, Louis A. Kohn, Leo F. Tierney, Harry Adelman, Chicago, Ill., for plaintiffs-appellants, Mayer, Friedlich, Spiess, Tierney, Brown & Platt, Chicago, Ill., of counsel.

Charles R. Sprowl, Whitney Campbell, E. Marvin Buehler, Chicago, Ill., for defendant-appellee, Taylor, Miller, Busch & Magner, Chicago, Ill., of counsel.

Before MAJOR, LINDLEY and SCHNACKENBERG, Circuit Judges.

SCHNACKENBERG, Circuit Judge.

Plaintiffs (sometimes referred to as the sellers) are 31 persons who, together with 11 other persons, on July 22, 1944 entered into an agreement to sell to Chester A. Bowles practically all of the outstanding shares of capital stock of Quality Hardware and Machine Corporation (herein referred to as Quality). In 1946 Bowles assigned his interest to defendant.

Plaintiffs brought this suit on September 5, 1951 to recover what they...

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