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KERRIGAN v. AMERICAN ORTHODONTICS CORP.

No. 91-1962.

960 F.2d 43 (1992)

James P. KERRIGAN, Plaintiff-Appellant, v. AMERICAN ORTHODONTICS CORPORATION, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided April 7, 1992.

Attorney(s) appearing for the Case

Donald J. Driscoll, Gary A. Ahrens, Thomas G. Herz, argued, Michael, Best & Friedrich, Milwaukee, Wis., for James P. Kerrigan, Dr.

Michael B. Apfeld, argued, Jane C. Schlicht, Godfrey & Kahn, Milwaukee, Wis., for American Orthodontics Corp.

Before CUMMINGS and EASTERBROOK, Circuit Judges, and SHADUR, District Judge.

EASTERBROOK, Circuit Judge.

David A. Hoffman purchased some shares in American Orthodontics Corporation. In 1971 he sold 50 of these shares to James P. Kerrigan, a fellow dentist. Hoffman retained the certificates as Kerrigan's (undisclosed) agent and remained the registered owner on the books of Orthodontics. The record does not reveal why Hoffman did not transfer the shares to Kerrigan. Counsel suggested at oral argument that such an arrangement was common, designed...

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