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GIUFFRE ORGANIZATION v. EUROMOTORSPORT RACING

No. 97-1146.

141 F.3d 1216 (1998)

GIUFFRE ORGANIZATION, LTD., Plaintiff-Appellant, v. EUROMOTORSPORT RACING, INC., Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided April 13, 1998.

Attorney(s) appearing for the Case

Leonard Opperman (argued), Christopher A. Poling, Kunz & Opperman, Indianapolis, IN, for Plaintiff-Appellant.

Paul Deignan (argued), Ancel & Dunlap, Indianapolis, IN, for Defendant-Appellee.

Before BAUER, FLAUM, and EASTERBROOK, Circuit Judges.

EASTERBROOK, Circuit Judge.

Championship Auto Racing Teams, Inc. (CART) organizes "Indy Car" auto races — that is, competitions among cars designed for the Indianapolis 500 and similar, but less famous, events. A share of stock in CART represents not only an investment (and an opportunity to share in whatever profits CART makes) but also a membership, and thus a right to participate in the races. No owner can enter a car without the membership that is linked...

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