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CANCER FOUNDATION v. CERBERUS CAPITAL MANAGEMENT

No. 08-1981.

559 F.3d 671 (2009)

The CANCER FOUNDATION, INC. et al., Plaintiffs-Appellants v. CERBERUS CAPITAL MANAGEMENT, LP et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided March 19, 2009.

Attorney(s) appearing for the Case

Curtis L. Blood, Blood Law Office, Collinsville, IL, for Plaintiffs-Appellants.

Charles Amera, Madison, WI, pro se.

Anne E. Amera, Madison, WI, pro se.

Virginia Heitkamp Holland, Scalis Mount, IL, pro se.

Robert Hummel, Villa Park, IL, pro se.

Kenneth Kluesner, Bloomington, WI, pro se.

Timothy J. Patenode, Katten Muchin Rosenman, Zachary T. Fardon, Attorney, Latham & Watkins LLP, Chicago, IL, for Defendants-Appellees.

Before RIPPLE, MANION, and EVANS, Circuit Judges.

EVANS, Circuit Judge.

In 1997, Martin Lapides was at the center of a web of companies that were tanking. With a multimillion dollar line of credit coming due, he was forced to enter into a refinancing agreement that meant he lost majority ownership of one of his companies, Winterland. Winterland soon went bankrupt, setting off a storm of financial harm. Ten years after losing control of Winterland, Lapides, along with others who were allegedly harmed by the takeover...

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