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THOR POWER TOOL CO. v. WEINTRAUB

No. 85-1240.

791 F.2d 579 (1986)

THOR POWER TOOL COMPANY, a Delaware Corporation, Plaintiff-Counterdefendant-Appellant, v. Monroe WEINTRAUB, Defendant-Counterclaimant-Appellee, New Cincinnati Rubber Manufacturing Company, Counterclaimant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided May 27, 1986.

Rehearing and Rehearing Denied June 30, 1986.

Attorney(s) appearing for the Case

James L. Perkins, Winston & Strawn, Chicago, Ill., for plaintiff-counterdefendant-appellant.

Philip S. Beck, Kirkland & Ellis, Chicago, Ill., for defendant-counterclaimant-appellee.

Before WOOD and COFFEY, Circuit Judges, and GRANT, Senior District Judge.

Rehearing and Rehearing En Banc Denied June 30, 1986.

HARLINGTON WOOD, Jr., Circuit Judge.

Plaintiff Thor Power Tool Company ("Thor") entered into a contract with defendant Monroe Weintraub ("Weintraub") to sell the business and assets of a division of Thor, doing business as Cincinnati Rubber Manufacturing Company ("CRM") to Weintraub. Following the sale, a dispute arose over the value of CRM's inventory and the amount of CRM's operating losses. Thor ended...

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