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MANBOURNE, INC. v. CONRAD

No. 84-3104.

796 F.2d 884 (1986)

MANBOURNE, INC., a California Corporation, Plaintiff-Appellee, v. Bruce CONRAD, Defendant and Third-Party Plaintiff-Appellant, v. EMPLOYERS INSURANCE OF WAUSAU, a mutual insurance company, James T. Lundberg, Melbourne B. Weddle and Norman A. Harris, Third-Party Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided June 23, 1986.

Attorney(s) appearing for the Case

Charles P. Graupner, Michael, Best & Friedrich, Milwaukee, Wis., for defendant and third-party plaintiff-appellant.

Wayne E. Babler, Jr., Quarles & Brady, Milwaukee, Wis. for plaintiff-appellee.

Stewart L. Etten, Ruder, Ware, Michler & Forester, Wausau, Wis. for third-party defendants-appellees.

Before CUMMINGS, Chief Judge, ESCHBACH, Circuit Judge, and WRIGHT, Senior Circuit Judge.

ESCHBACH, Circuit Judge.

Manbourne, Inc. ("Manbourne") brought this diversity action, governed by Wisconsin law, against Management Science, Inc. ("MSI") and Bruce Conrad, an officer, director, and shareholder of MSI, seeking preliminary and permanent injunctions protecting Manbourne's rights as MSI's majority shareholder. On November 13, 1984, the district court enjoined defendants from issuing stock to MSI officers and employees holding options to purchase common...

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