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CANFIELD v. RAPP & SON, INC.

No. 80-2836.

654 F.2d 459 (1981)

G. L. CANFIELD, Plaintiff-Appellee, v. RAPP & SON, INC., Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided July 6, 1981.

Attorney(s) appearing for the Case

Michael R. Fruehwald, Barnes, Hickam, Pantzer & Boyd, Indianapolis, Ind., for plaintiff-appellee.

Donald S. Young, Dykema, Gossett, Sprencer, Goodnow & Trigg, Detroit, Mich., for defendant-appellant.

Before SWYGERT, Senior Circuit Judge, SPRECHER, Circuit Judge, and THOMAS, Senior District Judge.

SPRECHER, Circuit Judge.

This case arises out of the sale of the business, through the sale of all of the stock, of Twigg Corp. ("Twigg") to Rapp & Son, Inc. ("Rapp") by G. L. Canfield and two other former owners of Twigg. Rapp alleges that the sale violated federal and Indiana securities laws and constituted common law fraud. After trial, the district court found that Rapp had failed to establish any of the material elements for recovery under the federal and...

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