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U.C. CASTINGS CO. v. KNIGHT

No. 83-2136.

754 F.2d 1363 (1985)

U.C. CASTINGS COMPANY, Plaintiff-Appellee, v. Lester B. KNIGHT and LBK Investment Company, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided February 7, 1985.

Rehearing Denied March 13, 1985.

Attorney(s) appearing for the Case

Frank Cicero, Kirkland & Ellis, Chicago, Ill., for plaintiff-appellee.

John Powers Crowley, Cotsirilos & Crowley, Ltd., Chicago, Ill., for defendants-appellants.

Before CUMMINGS, Chief Judge, COFFEY, Circuit Judge and WYATT, Senior District Judge.

WYATT, Senior District Judge.

After a jury trial in this diversity action in the Northern District of Illinois (Judge Paul E. Plunkett), the jury returned a verdict on March 31, 1983, for plaintiff of $1,300,000 on two counts, one for breach of warranty and one for fraud, both claims based on the purchase by plaintiff of all the stock of a closely held company. The trial court thereafter, by order dated May 20, 1983, and...

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