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BORSELLINO v. GOLDMAN SACHS GROUP, INC.

No. 06-1384.

477 F.3d 502 (2007)

Lewis BORSELLINO and I.M. Acquisitions, LLC, Plaintiffs-Appellants, v. GOLDMAN SACHS GROUP, INCORPORATED, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided February 20, 2007.

Attorney(s) appearing for the Case

Michael Kanovitz (argued), Loevy & Loevy, Chicago, IL, for Plaintiffs-Appellants.

Melanie E. Walker, Sidley Austin, Chicago, IL, Richard D. Bernstein (argued), Sidley Austin, Washington, DC, for Defendant-Appellee.

Before BAUER, WOOD, and WILLIAMS, Circuit Judges.

WILLIAMS, Circuit Judge.

Lewis Borsellino was a one-third partner in Chicago Trading and Arbitrage ("CTA"), a company that facilitated stock trading through remote access to the electronic stock exchange NASDAQ. His partners, whom he accused of acting behind his back and improperly using CTA resources, developed a technology to allow remote trading to occur without having to visit CTA's offsite trading location. They started a new business called Archipelago using...

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