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IN RE EMERALD CASINO, INC.

Nos. 16-1075, 16-1132, 16-1133, 16-1143, 16-1148, 16-1160, 16-1161, 16-1164, 16-1165, 16-1235.

867 F.3d 743 (2017)

IN RE: EMERALD CASINO, INC., Plaintiff-Debtor, Frances Gecker, as Trustee of Emerald Casino, Inc., Plaintiff-Appellee/Cross-Appellant, Plaintiff-Appellant/Cross-Appellee, v. Estate of Kevin Flynn, John McMahon, Kevin Larson, Joseph McQuaid, Defendants-Appellants/Cross-Appellees, and Estate of Peer Pedersen, Defendant-Appellee/Cross-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided August 11, 2017.

Attorney(s) appearing for the Case

Constantine L. Trela, Jr. , Joseph Ryan Dosch , Tacy Fletcher Flint , John N. Gallo , Attorneys, SIDLEY AUSTIN LLP, Chicago, IL, for Defendant-Appellant/Cross-Appellee Estate of Kevin F. Flynn (Case Nos. 16-1075, 16-1133).

Michael Brett Kind , Jonathan William Young , Attorneys, LOCKE LORD LLP, Chicago, IL, for Defendant-Appellant/Cross-Appellee John McMahon (Case No. 16-1143).

Neil Lloyd , Daniel Schufreider , Attorneys, SCHIFF HARDIN LLP, Ronald S. Safer , Attorney, RILEY SAFER HOLMES & CANCILA LLP, Chicago, IL, for Defendant-Appellant/Cross-Appellee Kevin D. Larson (Case Nos. 16-1160, 16-1161).

William J. Factor , Attorney, LAW OFFICE OF WILLIAM J. FACTOR, Chicago, IL, for Defendant-Appellant/Cross-Appellee Joseph McQuaid (Case Nos. 16-1164, 16-1165).

Catherine L. Steege , Attorney, JENNER & BLOCK LLP, Chirag Gopal Badlani , Joshua Karsh , Matthew J. Piers , Attorneys, HUGHES SOCOL PIERS RESNICK & DYM, LTD., Chicago, IL, (Case Nos. 16-1075, 16-1132, 16-1143, 16-1148, 16-1160, 16-1161, 16-1164, 16-1165, 16-1235) Angela M. Allen , Robert L. Graham , Keri L. Hotaling , Barry Levenstam , Attorneys, JENNER & BLOCK LLP, Chicago, IL, (Case Nos. 16-1148, 16-1161, 16-1164, 16-1165), for Plaintiff-Appellee/Cross-Appellant, Plaintiff-Appellant/Cross-Appellee, Frances Gecker, as Trustee of Emerald Casino, Inc.

Theodore J. Low , Charles Barry Montgomery , Attorneys, WILLIAMS MONTGOMERY & JOHN LTD, Chicago, IL, (Case No. for 16-1132, 16-1235), Alyssa Mara Reiter, Attorney, WILLIAMS MONTGOMERY & JOHN LTD, Chicago, IL, (Case No. 16-1235), for Defendant-Appellee/Cross-Appellant Estate of Peer Pedersen.

Before Kanne, Sykes, and Hamilton, Circuit Judges.

This case arises out of the Illinois Gaming Board's decision to revoke Emerald Casino, Inc.'s1 gaming license. In an attempt to recover the value of the license, the bankruptcy trustee sued the defendants — former Emerald officers, directors, and shareholders — for breach of contract...

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