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TORCO OIL CO. v. INNOVATIVE THERMAL CORP.

No. 88 C 7323.

763 F.Supp. 1445 (1991)

TORCO OIL COMPANY, an Illinois corporation, Plaintiff, v. INNOVATIVE THERMAL CORPORATION, a Florida corporation, Caldwell Aircraft Trading Company, Inc., a North Carolina corporation, and Charlotte Aircraft Corporation, a North Carolina corporation, Defendants.

United States District Court, N.D. Illinois, E.D.

May 3, 1991.

Attorney(s) appearing for the Case

Francis X. Grossi, Jr. and Karyn G. Gershon, Katten Muchin & Zavis, Chicago, Ill., for plaintiff.

Nicholas Rantis and James C. Reho, Law Offices of Nicholas S. Rantis, Chicago, Ill., for Innovative Thermal Corp.

Jeffrey Levine, Philip C. Parenti of Philip C. Parenti, Ltd., Chicago, Ill., for Caldwell Aircraft and Charlotte Aircraft.

MEMORANDUM OPINION

POSNER, Circuit Judge (Sitting by Designation).

This is a suit for breach of contract by Torco Oil Company against Innovative Thermal Corporation (ITC) and two corporations affiliated with ITC — Caldwell Aircraft Trading Company and Charlotte Aircraft Corporation. Federal jurisdiction is based on diversity, and Illinois law governs the substantive issues. A jury awarded Torco damages of $2,554,110 against all three defendants. I...

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