Legal Opinion
Whirlpool Financial Corp. v. GN Holdings, Inc.
District Court, N.D. Illinois
Decided January 6, 1995No. 94 C 4192PublishedCited by 15 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
SHAD UR, Senior District Judge.
Whirlpool Financial Corporation (‘Whirlpool”) has sued GN Holdings, Inc. (“GN”), W.R. Grace & Co. — Conn. (“Grace”), Kevin (“Kevin”) and Michelle Clark (collectively “Clarks”) and Robert (“Robert”) and Diane Bok (collectively “Boks”) to rescind Whirlpool’s $10 million loan to GN. Because that transaction involved the “sale” of GN’s $10 million note to Whirlpool for securities laws purposes, Whirlpool brings its claim under the Securities Exchange Act of 1934 (“1934 Act”) (Count I), the Illinois Securities Law of 1953 (“Illinois Act”)…
2Cases cited35 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Hishon v. King & SpaldingSupreme Court of the United States · 1984
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
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3Cited by15 opinions
- In Re Philip Services Corp. Securities LitigationDistrict Court, S.D. New York · 2004
- Petri v. GatlinDistrict Court, N.D. Illinois · 1997
- Harden v. RaffenspergerCourt of Appeals for the First Circuit · 1995
- McNamara v. Bre-X Minerals Ltd.District Court, E.D. Texas · 1999
- Young v. Nationwide Life InsuranceDistrict Court, S.D. Texas · 1998
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