United States Seventh Circuit

In a suit alleging various contractual and tort claims arising out of foreign exchange currency transactions, summary judgment for defendants is affirmed where: 1) plaintiff was not a third-party beneficiary of an employment contract between defendant-bank and defendant-bank employee; 2) defendant-employee did not breach any duty of care to plaintiff, and defendant-bank therefore did not breach its duty to supervise; and 3) an alleged oral contract regarding fees for the currency transactions was too vague to be enforceable.

Appellate Information

• Decided 10/24/2008
• Published 10/24/2008

Judges

• EVANS, Circuit Judge., Before RIPPLE, ROVNER, and EVANS, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Paul B. Overhauser (argued), Overhauser Law Offices, Greenfield, IN, for Plaintiff-Appellant.


• For Appellees:
  
• Alan S. Brown (argued), Locke Reynolds, Jeffrey R. Gaither, Bose, McKinney & Evans, Indianapolis, IN, for Defendants-Appellees.