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MICHAELS v. MICHAELS

Nos. 84-1631, 84-1714.

767 F.2d 1185 (1985)

Joseph MICHAELS, Plaintiff-Counterdefendant-Appellee, v. Ralph MICHAELS, Everett B. Michaels and Hyman-Michaels Company, Defendants-Counterplaintiffs-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided July 3, 1985.

As Amended September 9 and September 17, 1985.

Attorney(s) appearing for the Case

Steven L. Bashwiner, Mary Ellen Hennessy, Friedman & Koven, Chicago, Ill., for plaintiff-counterdefendant-appellee.

Lowell E. Sachnoff, Sachnoff, Weaver & Rubenstein, Ltd., Chicago, Ill., for defendants-counterplaintiffs-appellants.

Before WOOD and FLAUM, Circuit Judges, and BROWN, Senior District Judge.

HARLINGTON WOOD, Jr., Circuit Judge.

This case involves a family squabble between the plaintiff Joseph Michaels and his uncles, defendants Ralph Michaels and Everett Michaels.1 Joseph claims that when he sold his stock in the family business, the Hyman-Michaels Company ("the Company"), to the Company in January of 1976, his uncles misstated and withheld material information that, if revealed, would have affected his decision to sell. Joseph...

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