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McGRATH v. ZENITH RADIO CORP.

No. 79-1361.

651 F.2d 458 (1981)

Robert Edward McGRATH, Plaintiff-Appellee, v. ZENITH RADIO CORPORATION, Zenith Distributing Corporation of Northern California, Walter C. Fisher and Amile J. Forni, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided January 28, 1981.

As Modified May 20, 1981.

Attorney(s) appearing for the Case

Henry L. Pitts, James G. McConnell, Chicago, Ill., for defendants-appellants.

D. Kendall Griffith, Chicago, Ill., for plaintiff-appellee.

Before FAIRCHILD, Chief Judge, and SWYGERT and CUMMINGS, Circuit Judges.

FAIRCHILD, Chief Judge.

This case arises out of the July 1972 acquisition by Zenith Radio Corporation (Zenith or Zenith Radio) of the H. R. Basford Company (Basford), an electronic products wholesaler, and the November 1972 firing of plaintiff, Robert E. McGrath, Basford's vice-president. Alleging breach of contract, fraud, and violations of the securities laws, McGrath argued in the district court that his termination was wrongful because defendants had failed to...

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