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CORRE OPPORTUNITIES FUND v. EMMIS COMMUNICATIONS

No. 14-1647.

792 F.3d 737 (2015)

CORRE OPPORTUNITIES FUND, LP, et al., Plaintiffs-Appellants, v. EMMIS COMMUNICATIONS CORPORATION, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided July 2, 2015.

Attorney(s) appearing for the Case

Constantine L. Trela, Jr. , Attorney, Sidley Austin LLP, Chicago, IL, for Plaintiffs-Appellants.

Richard A. Kempf , Attorney, Steven C. Shockley , Attorney, Taft Stettinius & Hollister LLP, Indianapolis, IN, for Defendant-Appellee.

Before FLAUM, EASTERBROOK, and KANNE, Circuit Judges.

Plaintiffs who own preferred stock in Emmis Communications Corp., contend that Emmis violated Indiana law by voting some shares. The suit is in federal court because, at its outset, it included a non-frivolous claim under federal securities law. The district court analyzed the federal claim at length before ruling against...

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