United States Seventh Circuit

Dismissal of action for fraud and breach of fiduciary duty against a financial services company alleging that the company gave an intentionally misleading analysis of a proposed acquisition is affirmed where the plaintiff's claims were derivative in nature and could not be brought by the plaintiffs in their individual capacity.

Appellate Information

• Argued 04/05/2006
• Decided 09/14/2006
• Published 09/14/2006

Judges

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

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Henry J. Price (argued), Ronald J. Waicukauski, Price, Waicukauski Riley & Debrota, Indianapolis, IN, for Plaintiffs-Appellants.


• For Appellees:
  
• Anne N. DePrez, Barnes & Thornburg, Indianapolis, IN, Gregory A. Markel, Cadwalader, Wickersham & Taft, New York, NY, for Defendant-Appellee.