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TRANZACT TECHNOLOGIES, INC. v. 1SOURCE WORLDSITE

No. 04-1418.

406 F.3d 851 (2005)

TRANZACT TECHNOLOGIES, INC., Plaintiff-Appellant, v. 1SOURCE WORLDSITE and John Wang, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided May 4, 2005.

Attorney(s) appearing for the Case

Anne Crozier Auten (argued), Piper, Rudnick, Gray, Cary, Chicago, IL, for Plaintiff-Appellant.

Norman J. Lerum (argued), Chicago, IL, for Defendants-Appellees.

Before RIPPLE, MANION, and KANNE, Circuit Judges.

KANNE, Circuit Judge.

The close business relationship between Tranzact Technologies, Inc. ("Tranzact"), and 1Source Worldsite ("1Source") soured when 1Source failed to repay its debts. The two companies became involved in a lawsuit that ended with a stipulation and agreed judgment order. When 1Source's chairman, John Wang, did not comply with the order, Tranzact moved to hold Wang in contempt of court. The district court dismissed the motion as moot, and Tranzact...

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