No. 12-2698.

725 F.3d 815 (2013)

BANK OF AMERICA, N.A., Plaintiff-Appellant, v. James A. KNIGHT, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided August 8, 2013.

Attorney(s) appearing for the Case

Theresa L. Davis , Michael L. Molinaro , Reed Smith LLP, Chicago, IL, Erik W. Chalut , Blair R. Zanzig , Loeb & Loeb LLP, Chicago, IL, for Plaintiff-Appellant.

Carrie Ellen Davenport , Shaw Gussis Fishman Glantz Wolfson & Towbin LLC, Peter D. Sullivan , Stephen R. Swofford , Hinshaw & Culbertson, Robert M. Chemers , Richard M. Waris , Pretzel & Stouffer, Thomas F. Falkenberg , Christina D. Harrison , Williams Montgomery & John Ltd, Chicago, IL, for Defendants-Appellees.

Before EASTERBROOK, Chief Judge, and BAUER and KANNE, Circuit Judges.


Bank of America lost about $34 million when Knight Industries, Knight Quartz Flooring, and Knight-Celotex (collectively Knight) went bankrupt. It contends in this suit under the diversity jurisdiction that Knight's directors and managers looted the firm and that its accountants failed to detect the defalcations. The parties agree that Illinois law supplies the rule of decision. The district court dismissed all of the Bank's claims on the...

Let's get started

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases