Legal Opinion
Gecker v. Flynn (In re Emerald Casino, Inc.)
District Court, N.D. Illinois
Decided July 14, 2015No. 02 B 22977; Bankr. Adv. No. 08 A 00972; No. 11 C 4714PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
REBECCA R. PALLMEYER, United States District Judge
Emerald Casino, Inc. (“Emerald”) was building a casino in Rosemont, Illinois when the Illinois Gaming Board (“IGB”) revoked its license, forcing Emerald into bankruptcy. Plaintiff Frances Gecker, the Trustee appointed by the Bankruptcy Court on behalf of Emerald, brought this adversary proceeding against seven former directors and officers of Emerald, alleging that they breached their fiduciary duty to Emerald (Count I) and violated Emerald’s Amended Shareholders’ Agreement (Count II) causing the loss of its…
2Cases cited11 opinions
- Caisse Nationale De Credit Agricole, a French Banking Corporation v. Cbi Industries, Incorporated, a Delaware Corporation, Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1996
- Bank of Waunakee, a Wisconsin Banking Corporation v. Rochester Cheese Sales, Inc., a Minnesota CorporationCourt of Appeals for the Seventh Circuit · 1990
- Lionel Bordelon v. Chicago School Reform Board of TrusteesCourt of Appeals for the Seventh Circuit · 2000
- Cincinnati Life Insurance Comp v. Marjorie BeyrerCourt of Appeals for the Seventh Circuit · 2013
- City of Chicago v. Beretta U.S.A. Corp.Illinois Supreme Court · 2004
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3Cited by3 opinions
- Gecker v. Estate of Flynn (In re Emerald Casino, Inc.)Court of Appeals for the Seventh Circuit · 2017
- Helms v. Hanson (In re Mollie Enterprises, Inc.)United States Bankruptcy Court, N.D. Illinois · 2016
- Kevin Larson v. Frances GeckerCourt of Appeals for the Seventh Circuit · 2017