CDX LIQUIDATING TRUST v. VENROCK ASSOCIATES

No. 10-1953.

640 F.3d 209 (2011)

CDX LIQUIDATING TRUST, Plaintiff-Appellant, v. VENROCK ASSOCIATES, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided March 29, 2011.


Attorney(s) appearing for the Case

Hugh G. McBreen (argued), Attorney, McBreen & Kopko, LLP, Chicago, IL, for Plaintiff-Appellant and Trustee.

David A. Rammelt , Attorney, K & L Gates LLP, Thomas O. Kuhns (argued), Attorney, Kirkland & Ellis LLP, Chicago, IL, for Defendants-Appellees.

Before POSNER, FLAUM, and SYKES, Circuit Judges.


POSNER, Circuit Judge.

This suit, brought by a trust that holds the common stock of a bankrupt company formerly known as Cadant, charges several former directors with breaches of their duty of loyalty to the corporation, and charges two venture-capital groups, which we'll abbreviate to "Venrock" and "J.P. Morgan," with aiding and abetting the disloyal directors. Trial was bifurcated. Seven weeks into the trial on liability...

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