Legal Opinion
MB Financial Bank, N.A. v. Walker
District Court, N.D. Illinois
Decided September 23, 2010No. 09 C 7380PublishedCited by 12 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
JEFFREY COLE, United States Magistrate Judge.
MB Financial Bank (“the Bank”) has sued Roy Walker to recover $3.7 million for breach of a subordination agreement and a collateral assignment and for tortious interference with the Bank’s $19 million credit agreement with WES Construction Company (“WES”). Mr. Walker was the president and majority shareholder of WES. (Complaint, ¶¶ 1-9). The purpose of the credit agreement, in part, was to finance a leveraged employee stock ownership plan buyout of WES stock from its individual shareholders and to provide some working…
2Cases cited48 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Ruhrgas Ag v. Marathon Oil Co.Supreme Court of the United States · 1999
- Penry v. LynaughSupreme Court of the United States · 1989
- Goldlawr, Inc. v. HeimanSupreme Court of the United States · 1962
- Trujillo v. WilliamsCourt of Appeals for the Tenth Circuit · 2006
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3Cited by12 opinions
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