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STEEL WAREHOUSE OF WISCONSIN, INC. v. LEACH

No. 97-3854.

154 F.3d 712 (1998)

STEEL WAREHOUSE OF WISCONSIN, INC. and Steel Warehouse Co., Inc., Plaintiffs-Appellants, v. Howard H. LEACH and Henry C. McMicking, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided September 2, 1998.

As Amended on Denial of Rehearing and Suggestion for Rehearing October 13, 1998.

Attorney(s) appearing for the Case

Charles R. Watkins (argued), Susman, Buehler & Watkins, Chicago, IL, Timothy J. Storm, Storm & Associates, Chicago, IL, for Plaintiffs-Appellants.

Jeffrey O. Davis (argued), Quarles & Brady, Milwaukee, WI, for Defendants-Appellees.

Before RIPPLE, KANNE, and EVANS, Circuit Judges.

As Amended on Denial of Rehearing and Suggestion for Rehearing En Banc October 13, 1998.

KANNE, Circuit Judge.

Steel Warehouse of Wisconsin, Inc. and Steel Warehouse Co., Inc. (collectively "Steel Warehouse"), filed an action in the District Court for the Eastern District of Wisconsin alleging that defendants Howard Leach and Henry McMicking, former members of the Board of Directors for Cortec Industries, Inc., a now insolvent corporation, caused or permitted...

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