United States Seventh Circuit

Employee shareholders that had their shares sold by defendant company to third party at below market value did not have standing to challenge the company's subsequent ownership restructuring plan, because they were not shareholders at the time of the proposed transaction.

Appellate Information

• Decided 10/26/2000
• Published 10/26/2000

Judges

• WILLIAMS, Circuit Judge., Before BAUER, EVANS, and WILLIAMS, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Robert J. Stein, III, Krislov & Associates, Chicago, IL, for Plaintiff-Appellant in 99-2364., Dean A. Dickie, Kathleen H. Klaus (argued), D'Ancona & Pflaum, Chicago, IL, for Aetna Plywood, Inc. in 99-2364., Kathleen H. Klaus, D'Ancona & Pflaum, Chicago, IL, for Jeffrey Davis & John Francione in 99-2364., C. Barry Montgomery, Williams, Montgomery & John, Chicago, IL, for Peter John & Peter Thomsen in 99-2364 & 99-2707., Clinton A. Krislov (argued), Krislov & Associates, Chicago, IL, for Plaintiff-Appellant in 99-2707., Dean A. Dickie, D'Ancona & Pflaum, Chicago, IL, for Aetna Plywood, Inc. in 99-2707., George B. Collins, Collins & Bargione, Chicago, IL, for Jeffrey Davis in 99-2707., Edward D. Rickert, Smith, Rickert & Smith, River Grove, IL, for John Francione in 99-2707., Kimberly A. Krugman, Much, Shelist, Freed, Denenberg, Ament & Rubenstein, Chicago, IL, for Plaintiffs-Appellants in 00-1033., Kathleen H. Klaus, D'Ancona & Pflaum, Chicago, IL, for Aetna Plywood, Inc. & Scott Halden in 00-1033., David A. Eide,Neal, Gerber & Eisenberg, Chicago, IL, for Larry Rassin, John Minnaert & Keith Weller in 00-1033.