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TRICONTINENTAL INDUSTRIES, LTD. v. ANIXTER

No. 01 C 5526.

184 F.Supp.2d 786 (2002)

TRICONTINENTAL INDUSTRIES LTD. and Tricontinental Distribution Limited, formerly known as Texcan Cables Limited, Plaintiffs, v. Alan B. ANIXTER, Scott C. Anixter, Carl E. Putnam, Donald Welchko, Wiliam R. Anixter, Peter Huizenga, Ira J. Kaufman, Thomas J. Reiman, Micheal Segal, Lee B. Stern, Coopers & Lybrand, L.L.P. and PricewaterhouseCoopers, LLP, Defendants.

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

January 18, 2002.

Attorney(s) appearing for the Case

George L. Saunders, Jr., Saunders & Monroe, Chicago, IL, Terry Rose Saunders Law offices of Terry Rose Saunders, Chicago, IL, for plaintiffs.

Michael D. Freeborn, Fred L. Foreman, Steven Joseph Roeder, Jason Christopher DeSanto, Douglas Alan Albritton, Freeborn & Peters, Chicago, IL, for Alan B. Anixter, William R. Anixter, Ira J. Kaufman, Thomas J. Reiman, Michael Segal, defendants.

Vincent J. Connelly, Heather Lee O'Farrell, paris A. Wynn, Mayer, Brown & Platt, Chicago, IL, for Scott C. Anixter, defendant.

Leo P. Cunningham, Bruce G. Vanyo, David P. O'Brien, Wilson Sonsini Goodrich & Rosati, Palo Alto, CA, Laurie B. Smilan, Timothy D. Belevetz, Wilson, Sonsini, Goodrich & Rosati, PC, McLean, VA, for Donald C. Welchko, defendant.

Robert J. Kopecky, Barry E. Fields, James John Boland, Andrea Robin Wood, Kirkland & Ellis, Chicago, IL, for PricewaterhouseCoopers LLP, defendant.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

On September 21, 1998, Tricontinental Industries Ltd. and Tricontinental Distribution Limited, formerly known as Texcan Cables, Limited ("Tricontinental"), sold assets to Anicom, Inc., in exchange for Anicom stock. Tricontinental sues individual officers and directors of Anicom as well as PricewaterhouseCoopers, LLP ("PwC"), an accounting firm that provided auditing and consulting services to Anicom...

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