Anchor Glass Container Corporation v. Ulrich Buschmeier and Petra Buschmeier
Court of Appeals for the Seventh Circuit
1Opinion of the Court
SYKES, Circuit Judge.
Anchor Glass Container Corporation (“Anchor”) loaned its parent company, G & G Investments, Inc. (“G & G”), approximately $17 million needed by G & G to make an initial installment payment toward the purchase of a German glass company known as Kommanditgessellsehaft in Firma Hermann Heye (“Heye”). When the deal went sour after the initial $17 million had been paid, G & G proceeded to arbitration on the question of whether Heye’s principal shareholder, Petra Bus-ehmeier, would be required to return the initial payment. The arbitration panel eventually ruled in favor of…
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