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NAGY v. RIBLET PRODUCTS CORP.

Nos. 95-1938, 95-2022.

79 F.3d 572 (1996)

Ernest J. NAGY, Plaintiff-Appellee, Cross-Appellant, v. RIBLET PRODUCTS CORPORATION, David Bistricer, and Nachum Stein, Defendants-Appellants, Cross-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided March 14, 1996.

Attorney(s) appearing for the Case

Bernard J. Nussbaum, William T. Barker, Kenneth H. Hoch, Sonnenschein, Nath & Rosenthal, Chicago, IL, and William N. Farabaugh, South Bend, IN, for Plaintiff.

Dennis J. Block, Richard W. Slack, Jason M. Halper, Weil, Gotshal & Manges, New York City, James F. Groves, Hardig, Lee & Groves, South Bend, IN, Arthur R. Kaufman and Alesia Kantor, Kaufman, Naness, Schneider & Rosenweig, Jericho, NY, for Defendants.

Before CUMMINGS, CUDAHY, and EASTERBROOK, Circuit Judges.

EASTERBROOK, Circuit Judge.

Riblet Products Corporation makes components of "site-built" homes and recreational vehicles. In 1981 Riblet signed a contract promising Ernest J. Nagy, who then owned 14 percent of Riblet's shares and was its President and CEO, that if Nagy were discharged for any reason other than theft, disclosure of trade secrets, or "similar dishonest acts," he would receive 60 percent of his regular salary until he turned 62. Five years later Riblet...

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