United States Seventh Circuit
Fabriko Acquisition Corp. v. Prokos, 06-3889
In a contract suit arising from the failed purchase of a piece of property, summary judgment for defendants and Rule 11 sanctions imposed upon plaintiff's counsel are affirmed where: 1) plaintiff failed to produce evidence demonstrating that defendants-purchasers did not make a good-faith effort to obtain financing as required by the contract; and 2) plaintiff's counsel failed to investigate whether it should withdraw or correct its claim against defendant-attorney even after being put on notice that the claim had no legal basis under the facts of the case.
Appellate Information
- Argued 10/26/2007
- Decided 07/29/2008
- Published 07/29/2008
Judges
- ROVNER, Circuit Judge., Before POSNER, FLAUM, and ROVNER, Circuit Judges.
Court
- United States Seventh Circuit
Counsel
- For Appellant:
- Gary M. Bowman (argued), Roanoke, VA, for Plaintiff-Appellant.
- For Appellees:
- Elizabeth A. Hartman, Dempsey, Williamson, Young, Kelly & Hertel, Oshkosh, WI, Catherine M. Rottier (argued), Boardman, Suhr, Curry & Field, Madison, WI, for Defendants-Appellees.