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WELLS FARGO BUSINESS CREDIT v. HINDMAN

No. 12-1208.

734 F.3d 657 (2013)

WELLS FARGO BUSINESS CREDIT, Plaintiff-Appellee, v. Donald J. HINDMAN, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 30, 2013.

Attorney(s) appearing for the Case

Sherry D. Coley , Godfrey & Kahn S.C., Green Bay, WI, for Plaintiff-Appellee.

Donald V. Jernberg , Jernberg Law Group, Arlington Heights, IL, for Defendant-Appellant.

Before BAUER, MANION, and TINDER, Circuit Judges.

TINDER, Circuit Judge.

Wells Fargo Business Credit sued Donald J. Hindman under diversity jurisdiction for breach of contract. Wells Fargo and Hindman were both creditors of Clark National, Inc., whose president and CEO was Hindman's son, and several related companies. Wells Fargo agreed to make loans and extend credit to the companies only if Hindman agreed to become a subordinated creditor. Hindman agreed and subsequently...

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