Legal Opinion
Secon Service System, Inc., A/K/A Yale Transport Corporation v. St. Joseph Bank and Trust Company and Jay Chodock
Court of Appeals for the Seventh Circuit
Decided August 18, 1988No. 87-2561PublishedCited by 43 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
St. Joseph Bank & Trust Co. (the Bank) advanced $2.15 million in 1976 to enable St. Abbs, Inc., a holding company, to buy out Indiana Refrigerator Lines, Inc., a trucking company incorporated in Indiana. By 1978 Indiana Refrigerator Lines was in difficulty, with substantial debt outstanding to the Bank, and late in 1979 St. Abbs and the Bank began searching for a buyer. They found F. Ralph Nogg, an expert in trucking industry bailouts, who submitted a letter of intent to purchase St. Abbs and Indiana Refrigerator Lines (collectively IRL) on October 23, 1979.
Before…
2Cases cited59 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Pepper v. LittonSupreme Court of the United States · 1939
54 more not listed; retrieve them via the Exa API.
3Cited by43 opinions
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- Louis W. Levit, Trustee of V.N. Deprizio Construction Co. v. Ingersoll Rand Financial CorporationCourt of Appeals for the Seventh Circuit · 1989
- Nucor Corporation v. Aceros Y Maquilas De Occidente, S.A. De C.V.Court of Appeals for the Seventh Circuit · 1994
- James Papa v. Katy Industries, Inc. And Walsh Press Company, Inc., Equal Employment Opportunity Commission v. Gjhsrt, Inc.Court of Appeals for the Seventh Circuit · 1999
- Kenneth D. Colburn, Jr. And Robert M. Khoury v. Trustees of Indiana University, Glenn W. Irwin, Jr., Howard G. SchallerCourt of Appeals for the Seventh Circuit · 1992
38 more not listed; retrieve them via the Exa API.