Legal Opinion
Ernest J. Nagy v. Riblet Products Corporation, David Bistricer, and Nachum Stein
Court of Appeals for the Seventh Circuit
Decided March 14, 1996No. 95-1938, 95-2022PublishedCited by 41 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Riblet Products Corporation makes components of “site-built” homes and recreational vehicles. In 1981 Riblet signed a contract promising Ernest J. Nagy, who then owned 14 percent of Riblet’s shares and was its President and CEO, that if Nagy were discharged for any reason other than theft, disclosure of trade secrets, or “similar dishonest acts,” he would receive 60 percent of his regular salary until he turned 62. Five years later Riblet was acquired by a new group of investors, who put in $7 million of their own money and secured a $25 million loan, backed by…
2Cases cited23 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Edgar v. Mite Corp.Supreme Court of the United States · 1982
- First National City Bank v. Banco Para El Comercio Exterior De CubaSupreme Court of the United States · 1983
- Emil J. Bartholet v. Reishauer A.G. (Zurich) and Reishauer Corporation (Elgin)Court of Appeals for the Seventh Circuit · 1992
- CTS Corp. v. Dynamics Corp. of AmericaSupreme Court of the United States · 1987
18 more not listed; retrieve them via the Exa API.
3Cited by41 opinions
- George Harper and Robert Padilla v. Lieutenant AlbertCourt of Appeals for the Seventh Circuit · 2005
- Allstate Insurance Company, as Subrogee of Sam Lakhia v. Menards, IncorporatedCourt of Appeals for the Seventh Circuit · 2002
- State Farm Mutual Automobile Insurance Company v. Brian D. PateCourt of Appeals for the Seventh Circuit · 2001
- Dolores Frahm v. The Equitable Life Assurance Society of the United StatesCourt of Appeals for the Seventh Circuit · 1998
- Anthony W. Cvelbar v. Cbi Illinois IncorporatedCourt of Appeals for the Seventh Circuit · 1997
36 more not listed; retrieve them via the Exa API.