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BACHMAN v. BEAR, STEARNS & COMPANY

No. 98-2396.

178 F.3d 930 (1999)

William R. BACHMAN, Plaintiff-Appellant, v. BEAR, STEARNS & COMPANY, INC., Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided May 26, 1999.

Attorney(s) appearing for the Case

Michael P. Mullen (argued), Mullen & Foster, Chicago, IL, for Plaintiff-Appellant.

Roger L. Taylor, Martin T. Tully (argued), Kirkland & Ellis, Chicago, IL, for Defendant-Appellee.

Before POSNER, Chief Judge, and BAUER and FLAUM, Circuit Judges.

POSNER, Chief Judge.

The plaintiff, Bachman, brought this suit against the investment company Bear Stearns, charging violations of the RICO statute, 18 U.S.C. §§ 1961 et seq. The district court dismissed the suit for failure to state a claim, and so we treat as true the facts alleged in the complaint, though of course without vouching for their truth. According to these allegations, Bachman was a vice president of Calumet Coach Corp. (Coach), a medical...

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