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RAUSER v. LTV ELECTROSYSTEMS, INC.

No. 18090.

437 F.2d 800 (1971)

Richard J. RAUSER, Plaintiff-Appellee, v. LTV ELECTROSYSTEMS, INC., Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

February 9, 1971.

Attorney(s) appearing for the Case

Carlson, Spencer & Matheny, Huntington, Ind., for defendant-appellant; Stanley H. Matheny, Huntington, Ind., of counsel.

Arthur A. May and Vincent P. Campiti, of Crumpacker, May, Levy & Searer, South Bend, Ind., W. Richard Herron, Elkhart, Ind., for plaintiff-appellee.

Before KILEY, FAIRCHILD and PELL, Circuit Judges.

PELL, Circuit Judge.

This was an action brought by Richard J. Rauser against LTV Electrosystems, Inc. alleging that LTV's predecessor, Memcor, Inc., had breached a stock option granted to Rauser. Memcor merged with LTV on April 19, 1967 subsequent to the alleged breach. LTV concedes its responsibility for Memcor's liabilities, if any, in connection with the action. The district court granted Rauser's motion for summary judgment...

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