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APS SPORTS COLLECTIBLES, INC. v. SPORTS TIME, INC.

No. 00-2260.

299 F.3d 624 (2002)

APS SPORTS COLLECTIBLES, INC., Plaintiff-Appellant, v. SPORTS TIME, INC., a Corporation, Harlan J. Werner, Michael K. Speakman, Thomas Chen, Patrick Kwan, Lee J. Kolligan, Robert Byer, Bill A. Moller, and Paul Siegal, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided July 22, 2002.

Attorney(s) appearing for the Case

Douglas N. Dorris (argued), Howerton, Dorris, Stone & Phelps, Marion, IL, for Plaintiff-Appellant.

Kenneth J. Poole, Torrance, CA, John L. Dodd (argued), Tustin, CA, for Defendants-Appellees.

Before CUDAHY, ROVNER, and DIANE P. WOOD, Circuit Judges.

CUDAHY, Circuit Judge.

This is diversity case involving a dispute about money between APS Sports Collectibles, Inc. and Sports Time, Inc. The focus of their controversy is a loan default and a transfer of assets from a now bankrupt corporation, AW Sports, to the defendant. A few months after APS extended a loan to AW Sports, AW Sports was purchased by Sports Time in a stock-for-stock exchange. After various items of its inventory and equipment were transferred to...

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