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TISSUE TECHNOLOGY, LLC v. TAK INVESTMENTS, LLC

No. 18-1835.

907 F.3d 1001 (2018)

TISSUE TECHNOLOGY, LLC, et al., Plaintiffs-Appellants, v. TAK INVESTMENTS, LLC, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided October 29, 2018.

Attorney(s) appearing for the Case

Michael J. Ganzer , for Plaintiff-Appellant.

Jonathan T. Smies , for Defendant-Appellee.

Before Flaum, Easterbrook, and Scudder, Circuit Judges.

In 2007 Tissue Technology and some affiliated entities, which the parties call the OFTI Group, sold a tissue mill in Oconto Falls, Wisconsin, to ST Paper, LLC, which is controlled by Tak Investments. Goldman Sachs agreed to finance the transaction, but during the financial crunch of 2007 it cut $19 million from the amount...

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