ESPOSITO v. SOSKIN

No. 97 C 6680.

11 F.Supp.2d 976 (1998)

Augustine N. ESPOSITO, et al., Plaintiffs, v. Barnard H. SOSKIN, Defendant.

United States District Court, N.D. Illinois, Eastern Division.

May 18, 1998.


Attorney(s) appearing for the Case

William Franklin Marutzky, Howard K. Priess, II, James Kenneth Borcia, Tressler, Soderstrom, Maloney & Priess, Chicago, IL, for Plaintiffs.

Robert Harrington Riley, James Patrick Gaughan, Jr., Matthew J. Fischer, Schiff, Hardin & White, Chicago, IL, for Defendant.


MEMORANDUM OPINION AND ORDER

ASPEN, Chief Judge.

The plaintiffs in this case are the minority shareholders of Southeast Ohio Hockey Corp. (Southeast), a Subchapter S corporation which operates a minor league hockey team in Ohio. They allege that the majority shareholder, defendant Barnard H. Soskin, duped them into investing in an undercapitalized corporation by hiding the fact that he did not pay for his shares, entrenched himself as president, refused...

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