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JORDAN v. DUFF AND PHELPS, INC.

Nos. 86-1611, 86-1727.

815 F.2d 429 (1987)

James S. JORDAN, Plaintiff-Appellant, Cross-Appellee, v. DUFF AND PHELPS, INC., Claire V. Hansen, and Francis E. Jeffries, Defendants-Appellees, Cross-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided March 17, 1987.

Rehearing and Rehearing Denied April 28, 1987.

Attorney(s) appearing for the Case

Thomas P. Ward, Thomas P. Ward, Ltd., Chicago, Ill., for plaintiff-appellant, cross-appellee.

Edward Fitzpatrick, Lord, Bissell & Brook, Chicago, Ill., for defendants-appellees, cross-appellants.

Before CUDAHY, POSNER, and EASTERBROOK, Circuit Judges.

Rehearing and Rehearing En Banc Denied April 28, 1987.

EASTERBROOK, Circuit Judge.

Flamm v. Eberstadt, 814 F.2d 1169 (7th Cir.1987), holds that a corporation need not disclose, to investors trading in the stock market, ongoing negotiations for a merger. A public corporation may keep silent until the firms reach agreement in principle on the price and structure of the deal. See also, e.g., Staffin v. Greenberg,

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