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ARTICLE · 03 SEPTEMBER 2024

Jury Trial On Legal Issue Denied, But No Harm Done

McDermott Will & Emery
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The US Court of Appeals for the Seventh Circuit affirmed a district court's denial of a jury trial, concluding it was harmless error because the defendant would have been entitled to a directed verdict regardless.

United StatesLitigation, Mediation & Arbitration
Keval Amin
Keval Amin
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The US Court of Appeals for the Seventh Circuit affirmed a district court's denial of a jury trial, concluding it was harmless error because the defendant would have been entitled to a directed verdict regardless. Overwell Harvest Ltd. v. Trading Techs. Int'l, Inc., Case No. 23-2150 (7th Cir. Aug. 12, 2024) (Kirsch, Pryor, Kolar, JJ.)

Overwell Harvest was established to invest in Neurensic, a company specializing in market surveillance technology. Despite Overwell's investment of millions of dollars, Neurensic faced significant financial distress, leading its management to pursue a sale. Neurensic's CEO and COO accepted an offer from Trading Technologies, which subsequently hired former Neurensic employees with the CEO and COO's approval. Prior to the sale, Overwell submitted a competing bid, to which Trading Technologies responded by raising its offer. Neurensic chose to accept Trading Technologies' offer.

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