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DiLEO v. ERNST & YOUNG

Nos. 89-2027, 89-2183.

901 F.2d 624 (1990)

Rocco DiLEO and Louise DiLeo, Plaintiffs-Appellants, v. ERNST & YOUNG, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided May 7, 1990.

Rehearing and Rehearing Denied June 12, 1990.

Attorney(s) appearing for the Case

Michael P. Myers, Joseph & Myers, Arthur T. Susman, Susman, Saunders & Buehler, Richard H. Prins, Chicago, Ill., for plaintiffs-appellants.

Thomas D. Allen, Kathy P. Fox, Wildman, Harrold, Allen & Dixon, Chicago, Ill., for defendant-appellee.

Before FLAUM, EASTERBROOK, and RIPPLE, Circuit Judges.

Rehearing and Rehearing En Banc Denied June 12, 1990.

EASTERBROOK, Circuit Judge.

Continental Illinois Bank's financial distress during the 1980s left many victims, from taxpayers (who injected some $2 billion to keep the bank afloat) to equity investors (who lost most of the value of their stock) to some of its officers (now spending time in prison) to bonding companies and insurers (which must compensate the firm for injuries caused by employees' delicts...

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