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TROVARE CAPITAL GROUP v. SIMKINS INDUSTRIES, INC.

No. 13-2005.

794 F.3d 772 (2015)

TROVARE CAPITAL GROUP, LLC, Plaintiff-Appellant, v. SIMKINS INDUSTRIES, INC., et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided July 23, 2015.

Attorney(s) appearing for the Case

Ronald A. Stearney, Jr. , Attorney Law Offices of Ronald A. Stearney, LLC, Chicago, IL, for Plaintiff-Appellant.

Peter Nathan Kessler , Attorney Kutak Rock, LLP, Philadelphia, PA, Thomas W. Mulcahy , Attorney Schuyler, Roche & Crisham, P.C., Chicago, IL, for Defendants-Appellees.

Before FLAUM, KANNE, and SYKES, Circuit Judges.

Trovare Capital Group, LLC ("Trovare") sought to purchase an affiliated group of family-owned companies (collectively "Appellees"). The parties executed a Letter of Intent ("LOI") that previewed their negotiations toward the sale. The LOI included a provision requiring if they terminated negotiations in writing before a certain...

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