United States Seventh Circuit

Even if the fiduciary did not exercise due care in choosing to work with associates of a shady character, the plaintiff cannot prevail without showing that it was harmed in some way by the breach of fiduciary duty.

Appellate Information

• Argued 03/27/2001
• Decided 09/12/2001
• Published 09/14/2001

Judges

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

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Stephen J. Feinberg (argued), Asher, Gittler, Greenfield, Cohen & D'Alba, Chicago, IL, for Plaintiffs-Appellants in No. 00-2703., Stephen J. Feinberg (submitted), Asher, Gittler, Greenfield, Cohen & D'Alba, Chicago, IL, for Plaintiffs-Appellants in No. 01-1685.


• For Appellees:
  
• Michael M. Conway (argued), John F. Zabriskie, Foley & Lardner, Chicago, IL, for Defendants-Appellees in No. 00-2703., John F. Zabriskie, Foley & Lardner, Chicago, IL, for Defendants-Appellees in No. 010-1685.