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DEIBEL v. HOEG

No. 20-3378.

998 F.3d 768 (2021)

Richard Jefferson DEIBEL, Plaintiff-Appellant, v. Larry HOEG, Aaron Hoeg, and Roger Steffen, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided May 25, 2021.

Attorney(s) appearing for the Case

Brad Aaron Catlin , Attorney, Price Waicukauski Joven & Catlin, LLC, Indianapolis, IN, for Plaintiff-Appellant.

Tracy N. Betz , Melissa Anne Macchia , Attorneys, Taft Stettinius & Hollister LLP, Indianapolis, IN, for Defendants Appellees.

Before Easterbrook, Ripple, and Kanne, Circuit Judges.

In 1986 Richard Deibel, Larry Hoeg, and Roger Steffen founded a filtration business, which they organized as Hy-Pro Corporation. Deibel became its president and received 2,500 shares, representing 12.5% of the authorized stock. Deibel guaranteed Hy-Pro's payment of a $100,000 debt to a bank. Within a year Deibel demanded...

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