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McILWEE v. ADM INDUSTRIES

No. 93-1674.

17 F.3d 222 (1994)

Daniel McILWEE, Plaintiff-Appellant, v. ADM INDUSTRIES, INC., a foreign corporation, William Anderson, individually and as an officer of Solar Hardware, and Wayne Anderson and Clifton Tucker, individually and as officers of ADM Industries, Inc., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided February 24, 1994.

Attorney(s) appearing for the Case

Gregory P. Sujack (argued) and David F. Buysse, Garofalo, Hanson, Schreiber & Vandlik, Chicago, IL, for plaintiff-appellant.

Fern Bomchill and Ira J. Belcove (argued), Mayer, Brown & Platt, Chicago, IL, for defendants-appellees.

Before POSNER, Chief Circuit Judge, CUMMINGS, Circuit Judge, and CRABB, Chief District Judge.

CRABB, Chief District Judge.

Daniel McIlwee sold his 60,780 shares in ADM Industries, Inc., for $4.00 a share and learned much later that William Anderson, Wayne Anderson, and Clifton Tucker had received a higher price of $8.00 a share. McIlwee brought this suit against ADM, Solar Hardware, and the individual defendants, contending that he would not have sold his shares for $4.00 had he known of the higher price paid for the other shares.1

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