Legal Opinion
Armen S. Minasian and Jon Ansari v. Standard Chartered Bank, Plc
Court of Appeals for the Seventh Circuit
Decided March 28, 1997No. 96-2445PublishedCited by 52 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Par-Inco, Inc., borrowed $1,850,000 from Standard Chartered Bank to finance an oriental rug business. The loan was secured by the firm’s inventory and backed up by guarantees of its principals, Armen Minasian and Jon Ansari. When the loan came due at the end of 1991, Par-Inco did not pay. Ultimately the Bank agreed to an amortization schedule. (At the same time, Minasian Rug Corporation, Amiran Corporation, and Kayam International, Inc., stepped into the shoes of Par-Inco. This detail does not affect anything, so for simplicity we refer throughout to Par-Inco as the…
2Cases cited16 opinions
- Daubert v. Merrell Dow Pharmaceuticals, Inc.Supreme Court of the United States · 1993
- Field v. MansSupreme Court of the United States · 1995
- Mid-State Fertilizer Co., Lasley Kimmel, and Maxine Kimmel v. Exchange National Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1989
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- H. Rosenblum, Inc. v. AdlerSupreme Court of New Jersey · 1983
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3Cited by52 opinions
- In Re Rezulin Products Liability LitigationDistrict Court, S.D. New York · 2004
- Clayton W. Clark v. Takata Corporation, American Honda Motor Co., Inc., Honda Motor Co., Ltd.Court of Appeals for the Seventh Circuit · 1999
- United States v. NoelCourt of Appeals for the Seventh Circuit · 2009
- Dolores Frahm v. The Equitable Life Assurance Society of the United StatesCourt of Appeals for the Seventh Circuit · 1998
- Primavera Familienstifung v. AskinDistrict Court, S.D. New York · 2001
47 more not listed; retrieve them via the Exa API.