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BYCZEK v. BOELTER COMPANIES, INC.

No. 02 C 5185.

230 F.Supp.2d 843 (2002)

John L. BYCZEK, Plaintiff, v. THE BOELTER COMPANIES, INC., a Wisconsin corporation, and F. William Boelter, Defendants.

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

November 4, 2002.

Attorney(s) appearing for the Case

Robert Stephen Minetz, Riccardo Anthony DiMonte, DiMonte & Lizak, Park Ridge, IL, for plaintiff.

William F. Conlon, James Randal Wexler, Preya B. Sharma, Sidley Austin Brown & Wood, Chicago, IL, for defendants.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

I. Background

Plaintiff John L. Byczek ("Byczek") was president and sole shareholder of Byzcek Equipment Company ("BEC"). In May 2001, BEC entered into an asset purchase agreement with defendants The Boelter Companies, Inc. and its president F. William Boelter (collectively "Boelter"). According to the agreement, Boelter was to purchase BEC and create a new company to carry on its operations...

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