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HUFFMAN v. HAINS

No. 87-2919.

865 F.2d 920 (1989)

Kirk HUFFMAN, Plaintiff-Appellant, v. Gene HAINS, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided January 25, 1989.

Attorney(s) appearing for the Case

Ernest Newborn, Cohen & Malad, Indianapolis, Ind., for plaintiff-appellant.

Leon R. Kaminski, Newby Lewis Kaminski & Jones, LaPorte, Ind., for defendant-appellee.

Before FLAUM and MANION, Circuit Judges, and WILL, Senior District Judge .

MANION, Circuit Judge.

Kirk Huffman owned stock in the Vidette-Messenger Company ("Vidette"), an Indiana corporation that published a newspaper in Valparaiso, Indiana. In January, 1985, Huffman decided to sell his Vidette stock to his mother. In anticipation of the sale, Huffman hired Gene Hains, a certified public accountant, to appraise the stock.

Hains determined that the Vidette stock was worth $3,900 per share. Based in part upon Hains' appraisal, and...

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