Legal Opinion
Heller Financial, Inc. v. Prudential Insurance Company of America v. Key Corporate Capital, Inc.
Court of Appeals for the Seventh Circuit
Decided July 9, 2004No. 03-3871PublishedCited by 1 opinion
1Opinion of the Court
POSNER, Circuit Judge.
This interpleader action, in which the substantive issues are governed by Illinois law, turns on the interpretation of a loan agreement. The facts are not in dispute. In a nutshell: Heller agreed to lend American Paper Group, a manufacturer mainly of envelopes used for collecting donations at church services, up to $43 million, part in the form of term loans secured by APG’s fixed assets and part in the form of a revolving-credit facility secured by inventory, accounts receivable, cash, and any other assets that fluctuate with sales. Heller sold a share in the…
2Cases cited13 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Begier v. Internal Revenue ServiceSupreme Court of the United States · 1990
- State Farm Fire & Casualty Co. v. TashireSupreme Court of the United States · 1967
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- 17 Collier bankr.cas.2d 230, Bankr. L. Rep. P 71,695 in the Matter of Xonics, Inc., Debtors. Elscint, Inc., and Elscint Imaging, Inc. v. First Wisconsin Financial CorporationCourt of Appeals for the First Circuit · 1987
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3Cited by1 opinion
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