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TRANSPORTATION & TRANSIT v. MORRISON KNUDSEN

Nos. 00-1934, 00-2055.

255 F.3d 397 (2001)

TRANSPORTATION & TRANSIT ASSOCIATES, INC., Plaintiff-Appellee, Cross-Appellant, v. MORRISON KNUDSEN CORPORATION, Defendant-Appellant, Cross-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided June 25, 2001.

Attorney(s) appearing for the Case

Arthur J. Howe (argued), Schopf & Weiss, Chicago, IL, for plaintiff-appellee.

Michael J. Gray (argued), Jones, Day, Reavis & Pogue, Chicago, IL, for defendant-appellant.

Before BAUER, COFFEY, and EASTERBROOK, Circuit Judges.

EASTERBROOK, Circuit Judge.

Transportation & Transit Associates (TTA) worked as a subcontractor for the railcar manufacture and repair division of Morrison Knudsen Corp. (MKC). A disagreement between the firms was resolved in 1993 by a contract promising TTA at least $15 million in business over the next five years, plus status as "a most preferred vendor" for other work. A downturn in its business caused MKC financial distress: it lost $350 million in 1994 and...

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