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LAKE INVESTORS DEV. GROUP v. EGIDI DEV. GROUP

No. 82-2687.

715 F.2d 1256 (1983)

LAKE INVESTORS DEVELOPMENT GROUP, INC., a Delaware Corporation, now known as Sheridan Development, Inc., a Delaware Corporation, doing business in Illinois as Sheridan Group Development Company, Plaintiff-Appellee, v. EGIDI DEVELOPMENT GROUP, an Illinois Partnership, et al., Defendants, and Donald E. Peterson, Proposed Intervenor-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided September 1, 1983.

Attorney(s) appearing for the Case

Leland W. Hutchinson, Jr., Rooks, Pitts, Fullagar & Poust, Chicago, Ill., for proposed intervenor-appellant.

Paul H. Strecker, Hanson & Shire, P.C., Chicago, Ill., for plaintiff-appellee.

Before CUDAHY and ESCHBACH, Circuit Judges, and SWYGERT, Senior Circuit Judge.

CUDAHY, Circuit Judge.

This appeal involves the petition of Donald Peterson ("Peterson") to intervene in an action brought by Lake Investors Development Corporation ("Lake") against the Egidi brothers and the Egidi Development Group ("the Egidis"). The underlying lawsuit is one for breach of a real estate sales contract. Peterson, as purchaser of a security interest in the contract rights, sought to intervene below under Federal Rule of Civil Procedure 24(a)(2). The...

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