Legal Opinion
Continental Casualty Co. v. Symons
Court of Appeals for the Seventh Circuit
Decided March 22, 2016No. Nos. 14-2665, 14-2671, 15-1061PublishedCited by 14 opinions
1Opinion of the Court
SYKES, Circuit Judge.
IGF Insurance Company owed Continental Casualty Company more than $25 *982million for a crop-insurance business it bought in .1998. In 2002 IGF resold the business to Acceptance Insurance Company for about $40 million. Continental alleges that IGF’s controlling family — Gordon, Alan, and Doug Symons — structured the sale so that most of the purchase price was siphoned into the ¿offers of other Symons-controlled companies, rendering IGF insolvent. More specifically, Continental claims that $24 million of the: $40 million purchase price went to three Sym-ons-controlled…
2Cases cited27 opinions
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- HBE Leasing Corp. v. FrankCourt of Appeals for the Second Circuit · 1995
- Winkler v. V.G. Reed & Sons, Inc.Indiana Supreme Court · 1994
- Wanda Goodpaster v. City of IndianapolisCourt of Appeals for the Seventh Circuit · 2013
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3Cited by14 opinions
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