POSNER, Circuit Judge.
Jack Smith appeals from the dismissal, for failure to state a claim, of his diversity suit for fraud. Fed.R.Civ.P. 12(b)(6). The parties disagree on whether Illinois or North Carolina law governs the substantive issues, but as nothing turns on the dispute, because there is no material difference between the relevant laws of the two states, we ignore it.
In 1999 Smith sold a controlling interest in his medical-testing company, together...
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