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DORVIT ON BEHALF OF POWER SOLUTIONS v. WINEMASTER

No. 19-2755.

950 F.3d 984 (2020)

Travis DORVIT and Michael Martin, derivatively ON BEHALF OF POWER SOLUTIONS INTERNATIONAL, INC., Plaintiffs-Appellees, v. Gary S. WINEMASTER, et al., Defendants-Appellees, and Power Solutions International, Inc., Nominal Defendant-Appellee, Appeal of: Gary McFadden, derivatively on behalf of Power Solutions International, Inc., Intervenor-Objector-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided February 28, 2020.

Attorney(s) appearing for the Case

Eric L. Zagar , Attorney, Kessler Topaz Meltzer & Check, LLP, Radnor, PA, Plaintiff-Appellee Travis Dorvit.

Stephen J. Oddo , Attorney, Robbins LLP, San Diego, CA, for Plaintiff-Appellee Michael Martin.

Albert Y. Chang , Attorney, Bottini & Bottini Incoporated, La Jolla, CA, for Plaintiff-Appellee Gary McFadden.

Sean M. Berkowitz , Attorney, Latham & Watkins LLP, Chicago, IL, for Defendant-Appellee Gary S. Winemaster.

Michael J. Diver , Michael J. Lohnes , Attorneys, Katten Muchin Rosenman LLP, Chicago, IL, for Defendant-Appellee Daniel P. Gorey.

James A. Rolfes , Michael Patrick Yingling , Attorneys, Reed Smith LLP, Chicago, IL, for Defendant-Appellee Michael P. Lewis.

Nilofer I. Umar , James W. Ducayet , Benjamin I. Friedman , Attorneys, Sidley Austin LLP, Chicago, IL, for Defendants-Appellees Power Solutions International, Inc. and Shaojun Sun.

Thomas P. Cimino, Jr. , Attorney, Vedder Price P.C., Chicago, IL, for Defendant-Appellee Ellen R. Hoffing.

Before Flaum, Manion, and Barrett, Circuit Judges.

The named plaintiff in a failed state derivative action seeks to reverse the district court's approval of a settlement in a related federal suit. The court below adequately considered the propriety of the settlement's terms and we now affirm.

I. Background

A. Facts

Gary Winemaster founded Power Solutions...

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