Lhlc Corporation v. Cluett, Peabody & Company, Inc., and Deloitte, Haskins & Sells, Defendants

U.S. Court of Appeals, Seventh Circuit · Decided 1988-04-11

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EASTERBROOK, Circuit Judge. For many years Henry C. Lytton Co., which operated a number of department stores, was a subsidiary of Cluett, Peabody Co. In 1983 Cluett sold its stock in *930 Lytton for $14.5 million to LHLC Corp., a closely-held firm that financed the acquisition almost e…

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