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Tuesday, January 04, 2005

Indiana Decisions - 7th Circuit posts one today

Goulding, Randall v. 37Point9 (ND Ill.)

Before FLAUM, Chief Judge, and EASTERBROOK and WILLIAMS, Circuit Judges.
EASTERBROOK, Circuit Judge. This suit has dragged on
despite being settled. A magistrate judge (presiding by consent
under 28 U.S.C. �636) brokered the settlement in July
2003. Defendant (which we call 37Point9, its name at the
time) was to pay $45,000 in two installments, after which
the suit was to be dismissed; it was free to tender stock in
lieu of cash, and plaintiff (which we call �the Trust�) was
free to reject the shares and stand on its entitlement to
money. If 37Point9 did not perform on schedule, the Trust
was entitled to resume the litigation. * * * Affirmed.

Posted by Marcia Oddi on January 4, 2005 01:01 PM
Posted to Ind. (7th Cir.) Decisions