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SHELDON v. MUNFORD, INC.

No. 89-2324.

902 F.2d 7 (1990)

Robert J. SHELDON and Joan M. Sheldon, doing business as World Bazaar of Southlake, Plaintiffs-Appellees, v. MUNFORD, INC. and Lee Wards Creative Crafts, Inc., Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided May 15, 1990.

Attorney(s) appearing for the Case

Robert D. Brown and Robert D. Hawk, Spangler, Jennings & Dougherty, Merrillville, Ind., for plaintiffs-appellees.

Marc P. Seidler, Stephen W. Schwab, and John F. Verhey, Rudnick & Wolfe, Chicago, Ill., and Daniel W. Glavin, Beckman, Kelly & Smith, Hammond, Ind., for defendants-appellants.

Before WOOD, Jr., CUDAHY and POSNER, Circuit Judges.

POSNER, Circuit Judge.

The Sheldons obtained a judgment for $300,000 against Munford, Inc. (and a sister corporation that we shall ignore to simplify our opinion) in the district court. In order to stay execution of the judgment pending appeal to this court, Munford obtained a supersedeas bond issued by the Insurance Company of North America. Fed.R.Civ.P. 62(d). The bond made INA jointly and severally liable on the judgment with Munford. Shortly before the appeal...

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