Moise Katz, Robert I. Harwood v. Household International, Incorporated, Donald C. Clark, and Edwin P. Hoffman
Court of Appeals for the Seventh Circuit
1Opinion of the Court
BAUER, Circuit Judge.
Moise Katz filed this securities fraud class action against Household International, Inc. (“Household”) and its two chief officers after Household’s stock price declined at the end of October 1991. See Securities Exchange Act of 1934, §§ 10(b) & 20, 15 U.S.C. §§ 78j(b) & 78t(a). This appeal involves the district court’s assessment of sanctions against Katz and his attorney, Robert Har-wood, for filing original and amended complaints that were not well grounded in either fact or law. See Fed.R.Civ.P. 11, amended April 28, 1987, eff. August 1, 1983. 1 We affirm.
BACKGROUND
Kat…
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