Legal Opinion
Gash Associates v. Village of Rosemont, Illinois
Court of Appeals for the Seventh Circuit
Decided July 7, 1993No. 92-3481PublishedCited by 319 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
A partnership called GASH Associates owned an office building in Rosemont, Illinois. The building was encumbered by three mortgages. GASH created a fourth when it sold the building, taking the buyer’s non-recourse note. The buyer did not pay, and GASH decided to foreclose on its interest. This led to a sale at auction, which realized $4,005,000, not enough to pay off the senior lenders, to which GASH owed almost $6 million. GASH was stuck with a hefty deficiency judgment. The senior lenders asked the court to confirm the sale. It did, over GASH’s vigorous objection.…
2Cases cited10 opinions
- District of Columbia Court of Appeals v. FeldmanSupreme Court of the United States · 1983
- Rooker v. Fidelity Trust Co.Supreme Court of the United States · 1924
- Marrese v. American Academy of Orthopaedic SurgeonsSupreme Court of the United States · 1985
- Ritter v. RossCourt of Appeals for the Seventh Circuit · 1993
- Linda A. Leaf and Andrew B. Haynes v. Supreme Court of the State of Wisconsin, Board of Attorneys Professional Responsibility, Gerald SternbergCourt of Appeals for the Seventh Circuit · 1992
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3Cited by319 opinions
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- Eric Noel v. Brian C. Hall Sandra A. Hall, Fka Sandra Johnson, and Gabrielle S. Lennartz Herb Weisser Michelle A. MerchantCourt of Appeals for the Ninth Circuit · 2003
- Linda McCormick v. Eric A. Braverman Citizens Insurance Company of AmericaCourt of Appeals for the Sixth Circuit · 2006
314 more not listed; retrieve them via the Exa API.