United States Seventh Circuit
KNAUER v. JONATHON ROBERTS FIN. GROUP, INC., 02-3926
Dismissal of an action for money damages is affirmed where the doctrine of in pari delicto bars plaintiffs from pursuing losses for which they themselves were largely culpable due to their involvement in a Ponzi scheme.
Appellate Information
- Argued 05/29/2003
- Decided 10/22/2003
- Published 10/22/2003
Judges
- CUDAHY, Circuit Judge., Before CUDAHY, EVANS and WILLIAMS, Circuit Judges.
Court
- United States Seventh Circuit
Counsel
- For Appellant:
- William Bock, III,Kroger, Gardi & Regas, Indianapolis, IN, for plaintiff-appellant.
- For Appellees:
- Thomas E. Wack (argued), Leo A. Asaro, Bryan Cave, St Louis, MO, Thomas E. Wheeler, II, Locke Reynolds, Indianapolis, IN, for defendants Jonathon Roberts Financial Group, Alliance Capital Management, Andover Securities and FFP Securities., William L. O'Connor, Dann, Pecar, Newman & Kleiman, Indianapolis, IN, for defendant FSC Securities.