Legal Opinion

Robert Eckstein v. Balcor Film Investors

Court of Appeals for the Seventh Circuit

Decided August 20, 1993No. 92-1851, 92-2510PublishedCited by 161 opinions

1Opinion of the Court

EASTERBROOK, Circuit Judge.

By late 1984 New World Entertainment, Ltd. (New World) had experienced some success making and distributing low-budget movies. New World approached Balcor Entertainment Company, Ltd. (BEC), a subsidiary of Shearson Lehman/American Express, Inc., to solicit working capital. New World wanted to expand; BEC wanted some of the profits to be made in movies. There were the makings of a deal: BEC would obtain financing for New World’s films in exchange for part of the films’ profits. Because BEC didn’t want to accept the risk of being the sole source of capital, it…

2Cases cited58 opinions

  1. Erie Railroad v. TompkinsSupreme Court of the United States · 1938
  2. Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
  3. Shalala v. SchaeferSupreme Court of the United States · 1993
  4. Wilson v. GarciaSupreme Court of the United States · 1985
  5. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976

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3Cited by161 opinions

  1. In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
  2. Shaw v. Digital Equipment Corp.Court of Appeals for the First Circuit · 1996
  3. Aaron Lindh v. James P. Murphy, WardenCourt of Appeals for the Seventh Circuit · 1996
  4. Laborers' International Union of North America, Afl-Cio, in No. 93-5208 v. Foster Wheeler Corporation Foster Wheeler Energy Corporation. Laborers' International Union of North America, Afl-Cio v. Foster Wheeler Corporation Foster Wheeler Energy Corporation, Foster Wheeler Energy Corporation in No. 93-5233. Laborers' International Union of North America, Afl-Cio v. Foster Wheeler Corporation Foster Wheeler Energy Corporation, Foster Wheeler CorporationCourt of Appeals for the Third Circuit · 1994
  5. Pennsylvania Public School Employees' Retirement System v. Morgan Stanley & Co.Court of Appeals for the Second Circuit · 2014

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