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NALCO CO. v. CHEN

No. 16-2902.

843 F.3d 670 (2016)

NALCO COMPANY, Plaintiff-Counterdefendant-Appellee, v. David T. CHEN, Defendant-Counterplaintiff-Appellant, v. Nalco Mobotec, Inc., Counterdefendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided December 9, 2016.

Attorney(s) appearing for the Case

Michael Dockterman , Daniel Raymond , Attorneys, Steptoe & Johnson LLP, Chicago, IL, for Plaintiff-Appellee Nalco Company and Defendant-Appellee Nalco Mobotec, Inc.

Casey Fronk , Attorney, Kirkland & Ellis LLP, Chicago, IL, for Defendant-Appellant.

Before EASTERBROOK and ROVNER, Circuit Judges, and SHADID, District Judge.

Nalco and David Chen conducted a joint venture to sell environmental equipment in China. Nalco owned 55% of the venture, Chen 40%, and a third party 5%. When the joint venture (Nalco Mobotec Environmental Protection Technology (Shanghai) Co., or NMEPT) encountered business problems, Nalco guaranteed a loan, which NMEPT...

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