Legal Opinion
Whirlpool Financial Corporation, a Delaware Corporation v. Jean Sevaux
Court of Appeals for the Seventh Circuit
Decided September 10, 1996No. 95-3934PublishedCited by 34 opinions
1Opinion of the Court
RIPPLE, Circuit Judge.
Jean Sevaux, the owner of a Venezuelan corporation with severe corporate cash flow difficulties, approached the Whirlpool Financial Corporation (“WFC”). The parties discussed a $17.5 million investment in the corporation by WFC, but nothing was decided definitively with respect to the form that the investment would take. Mr. Sevaux executed a $1 million note to secure WFC’s initial $1 million investment. WFC made no further investment in Mr. Sevaux’s corporation. Mr. Sevaux defaulted on the note, and WFC commenced this action to secure payment. Mr. Sevaux raised a number…
2Cases cited15 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Frietsch v. Refco, Inc.Court of Appeals for the Seventh Circuit · 1995
- Echo, Incorporated, an Illinois Corporation v. The Whitson Company, Inc. D/B/A Power Tool Company, a Tennessee CorporationCourt of Appeals for the Seventh Circuit · 1995
- People v. BurpoIllinois Supreme Court · 1995
- People v. GalloIllinois Supreme Court · 1973
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3Cited by34 opinions
- Bel-Ray Company, Inc. v. Chemrite (Pty) Ltd.Court of Appeals for the Third Circuit · 1999
- Help at Home, Incorporated v. Medical Capital, L.L.C., D/B/A MedcapCourt of Appeals for the Seventh Circuit · 2001
- Mzamane v. WinfreyDistrict Court, E.D. Pennsylvania · 2010
- Harris N.A. v. Loren W. HersheyCourt of Appeals for the Seventh Circuit · 2013
- Baltimore and Ohio Chicago Terminal Railroad Company v. Wisconsin Central LimitedCourt of Appeals for the Seventh Circuit · 1998
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