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GURWARA v. LYPHOMED, INC.

No. 90-2372.

937 F.2d 380 (1991)

Suneil K. GURWARA, Plaintiff-Appellant, v. LYPHOMED, INCORPORATED, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided July 25, 1991.

Attorney(s) appearing for the Case

Mark P. Cohen, Lance M. Lis, Frederic A. Mendelson, Schoenberg, Fisher & Newman, Chicago, Ill., for plaintiff-appellant.

Phil C. Neal, Peter B. Newton, Robert J. Mandel, K. Clark Schirle, Neal, Gerber & Eisenberg, Chicago, Ill., for defendant-appellee.

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

CUDAHY, Circuit Judge.

The plaintiff in this case sought to bring an action under section 10(b) and Rule 10b-5 against his employer to remedy the company's wrongful refusal to sell him its stock as guaranteed by his employment benefits package. The district court dismissed the action for failure to state a claim, 739 F.Supp. 1162, and we affirm.

LyphoMed, Inc., is a pharmaceutical company specializing in nutritional and...

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