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SPARTECH CORP. v. OPPER

Nos. 88-2453, 88-2556.

890 F.2d 949 (1989)

SPARTECH CORPORATION, Plaintiff-Appellee, Cross-Appellant, v. Ronald B. OPPER and Lee E. Opper, Defendants-Appellants, Cross-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided November 29, 1989.

Rehearing and Rehearing Denied January 4, 1990.

Attorney(s) appearing for the Case

James B. Gottlieb, Stewart M. Weltman, Deborah Schmitt Bussert, Anthony C. Valiulis, Much, Shelist, Freed, Denenberg, Ament & Eiger, Chicago, Ill., for plaintiff-appellee, cross-appellant.

David C. Roston, William P. Caputo, Sherwin J. Stone, Altheimer & Gray, David A. Novoselsky, Novoselsky & Associates, Chicago, Ill., for defendants-appellants, cross-appellees.

Before WOOD, Jr., POSNER, and COFFEY, Circuit Judges.

Rehearing and Rehearing En Banc Denied January 4, 1990.

POSNER, Circuit Judge.

This is a tangled commercial dispute, rich with issues. The defendants are the Oppers, the former owners of Equipment Financing Ltd., which, when they owned it, was called Financial Underwriters. Equipment (as we shall call the firm under both its old and its new ownership) was in the business of leasing medical equipment. It would borrow money to buy the equipment, would lease...

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