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FOSS v. BEAR, STEARNS & CO., INC.

No. 04-2514.

394 F.3d 540 (2005)

Kenneth FOSS, Administrator of the Estate of Vincent P. Koth, Plaintiff-Appellant, v. BEAR, STEARNS & CO., INC., and Patrick Delahanty O'Meara, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided January 11, 2005.

Attorney(s) appearing for the Case

Peter B. Shaeffer (argued), Chicago, IL, for Plaintiff-Appellant.

Christopher L. Gallinari (argued), Nicholas P. Ivarone, Bellows & Bellows, Chicago, IL, for Defendants-Appellees.

Before BAUER, POSNER, and EASTERBROOK, Circuit Judges.

EASTERBROOK, Circuit Judge.

Arthur McDonnell became administrator of Vincent P. Koth's estate in May 1998. Discovering that Koth kept some securities in safe deposit boxes, so that they did not appear in any of his brokerage statements, McDonnell concealed them from the probate court, Koth's heirs, and the tax collector. He set up a corporation and asked his son-in-law Patrick O'Meara to transfer the securities to its ownership. O'Meara, an account executive of Bear...

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