REGAL-BELOIT CORP. v. DRECOLL

No. 96 C 3694.

955 F.Supp. 849 (1996)

REGAL-BELOIT CORPORATION, Plaintiff, v. J. Cameron DRECOLL, Dennis Palmer, Patrick Rosmonowski, Brad Foote Gear Works, Inc., Stewart Ward and Michael Iglar, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

August 6, 1996.


Attorney(s) appearing for the Case

Richard M. Franklin, Donald J. Hayden, John Michael Murphy, William Lynch Schaller, Baker & McKenzie, Chicago, IL, for Regal-Beloit Corp.

Randall L. Mitchell, James Dominick Adducci, Marshall Lee Blankenship, Adducci, Dorf, Lehner, Mitchell & Blankenship, P.C., Chicago, IL, for J. Cameron Drecoll, Dennis Palmer and Patrick Rosmonowski.

Thomas Joseph McNulty, Keck, Mahin & Cate, Chicago, IL, June K. Ghezzi, Peter Nels Larson, Gregory David Isbell, Jones, Day, Reavis & Pogue, Chicago, IL, for Brad Foote Gear Works, Inc.


MEMORANDUM OPINION AND ORDER

MAROVICH, District Judge.

Plaintiff Regal-Beloit Corporation ("Regal-Beloit") filed its original Complaint in this action on June 18, 1996, alleging that Defendants J. Cameron Drecoll ("Drecoll"), Dennis Palmer ("Palmer"), and Patrick Rosmonowski ("Rosmonowski") (collectively "the Individual Defendants") conspired to, and did, in fact, breach their fiduciary duties of loyalty and confidence to Regal-Beloit by pursuing...

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