COMPANIA ADMINISTRADORA DE RECUPERACION v. TITAN

No. 07-1996.

533 F.3d 555 (2008)

COMPANIA ADMINISTRADORA DE RECUPERACION DE ACTIVOS ADMINISTRADORA DE FONDOS DE INVERSION SOCIEDAD ANONIMA, Plaintiff-Appellee, v. TITAN INTERNATIONAL, INCORPORATED, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided July 10, 2008.


Attorney(s) appearing for the Case

Steven L. Merouse (argued), Sonnenschein, Nath & Rosenthal, Chicago, IL, Paul Brown, Brown, Hay & Stephens, Springfield, IL, for Plaintiff-Appellee.

Charles H. Carpenter (argued), Pepper Hamilton, Washington, DC, for Defendant-Appellant.

Before RIPPLE, ROVNER and TINDER, Circuit Judges.


RIPPLE, Circuit Judge.

Compania Administradora de Recuperacion de Activos Administradora de Fondos de Inversion Sociedad Anonima ("Compania") sued Titan International, Inc. ("Titan") for breach of a guaranty contract. As an affirmative defense, Titan asserted that Compania had impaired the collateral that secured the guaranteed debt. After discovery, Compania moved for summary judgment. The district court granted summary judgment in favor of Compania; it concluded...

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