Chesapeake Industries, Inc. v. William McKinley Wetzel

MARIS, Circuit Judge.

This is an appeal by the plaintiff, Chesapeake Industries, Inc., from a summary judgment rendered in favor of the defendant, William McKinley Wetzel, by the District Court for the Southern District of Ohio. The plaintiff’s suit was for damages for fraudulently inducing the plaintiff to purchase the assets of Safa Alarm Division, Inc. (formerly called Liberty Industries, Inc., and still earlier Stanley Greetings Inc.), a corporation which was in the business of manufacturing and selling greeting cards. The gist of the complaint was that Wetzel, in order to induce…