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U.S. v. ROSBY

Nos. 05-2270, 05-2483.

454 F.3d 670 (2006)

UNITED STATES of America, Plaintiff-Appellee, v. Thomas J. ROSBY and John M. Franklin, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided July 19, 2006.

Attorney(s) appearing for the Case

David E. Hollar (argued), Office of U.S. Attorney, Hammond, IN, for Plaintiff-Appellee.

James A. Shapiro (argued), Shapiro & Schwartz, Chicago, IL, Joseph P. Franklin (argued), Winston & Strawn, Chicago, IL, for Defendants-Appellants.

Before POSNER, EASTERBROOK, and ROVNER, Circuit Judges.

EASTERBROOK, Circuit Judge.

Monon Corporation once was among the largest manufacturers of over-the-road semi-trailers, containers, and container chassis, producing about 150 units a day. Early in 1996, however, Monon's principal customer cut back on orders and the lost business could not be replaced. Production fell to about 100 units a day in January 1996, dropping to 60 in April and 50 in August. This decline in sales produced a liquidity crisis, as the firm's fixed...

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