United States Seventh Circuit

Debts owed to creditors from business relationship with debtor are nondischargeable under 11 USC 523(a)(4), where under shareholder agreement that gives debtor a position of ascendancy over the creditors, debtor has a fiduciary relationship to creditors-shareholders.

Appellate Information

• Decided 10/30/2000
• Published 10/30/2000

Judges

• MANION, Circuit Judge., Before POSNER, MANION, and EVANS, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Randall L. Klein (argued), Goldberg, Kohn, Bell, Black, Rosenbloom & Moritz, Chicago, IL, for appellant.


• For Appellees:
  
• William F. White (argued), White & White, Downers Grove, IL, for debtor-appellee