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PIELET v. PIELET

No. 81-2117.

686 F.2d 1210 (1982)

Seymour PIELET, Irving Pielet, and Samuel Pielet, Plaintiffs-Counter-defendants-Appellees, v. Arthur PIELET, James Pielet, and Robert Pielet, Individually and as Trustees of the Pielet Bros. Employees' Profit-Sharing Plan and Joliet Railway Employees' Profit-Sharing Plan, and Pielet Bros. Scrap Iron & Metal, Inc., and Joliet Railway Equipment Co., Defendants-Counterplaintiffs-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided August 12, 1982.

Rehearing Denied September 9, 1982.

Certiorari Denied January 10, 1983.

Attorney(s) appearing for the Case

Russell J. Topper, Chicago, Ill., for defendants-counterplaintiffs-appellants.

Edward L. Foote, Winston & Strawn, Chicago, Ill., for plaintiffs-counterdefendants-appellees.

Before ESCHBACH, Circuit Judge, NICHOLS, Associate Judge, and POSNER, Circuit Judge.

Certiorari Denied January 10, 1983. See 103 S.Ct. 733.

NICHOLS, Associate Judge.

This case comes before the court on appeal from a judgment against appellants entered by the Honorable Bernard M. Decker, United States District Court for the Northern District of Illinois, Eastern Division, on June 11, 1981.

In 1975, defendant, Arthur Pielet, bought all of the common stock of the family scrap metal business from his brothers, Seymour, Samuel, and Irving...

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