Legal Opinion
Frankel v. ICD Holdings S.A.
District Court, S.D. New York
Decided June 10, 1996No. 96 Civ. 1141 (LAK)PublishedCited by 33 opinions
1Opinion of the Court
OPINION
KAPLAN, District Judge.
In January 1994, plaintiffs, then the owners of ICD Group, Inc. (“ÍCD”), one of the largest international dealers in petrochemical based commodities, sold all of their ICD stock to ICD Holdings S.A. (“Holdings”), an entity formed by two of their key employees, Dirk de Geus and Peter Loeffelhardt, for the purpose of acquiring ICD in a management buyout. Part of the consideration for plaintiffs’ stock was subordinated notes of Holdings in the aggregate principal amount of $5 million (the “Notes”). The Notes were secured by absolute and unconditional guarantees…
2Cases cited21 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Burger King Corp. v. RudzewiczSupreme Court of the United States · 1985
- Paddington Partners v. Jean-Louis Bouchard, Herbert A. Denton, Econocom Finance Nv Econocom International N v. Jeffries & Company, Inc.Court of Appeals for the Second Circuit · 1994
- National Equipment Rental, Ltd. v. SzukhentSupreme Court of the United States · 1964
- Danann Realty Corp. v. HarrisNew York Court of Appeals · 1959
16 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- ICD Holdings S.A. v. FrankelDistrict Court, S.D. New York · 1997
- Great Earth International Franchising Corp. v. Milks DevelopmentDistrict Court, S.D. New York · 2004
- Mason Tenders District Council Pension Fund v. MesseraDistrict Court, S.D. New York · 1997
- Breeden v. Bennett (In Re Bennett Funding Group, Inc.)United States Bankruptcy Court, N.D. New York · 1997
- Domino Media, Inc. v. KranisDistrict Court, S.D. New York · 1998
28 more not listed; retrieve them via the Exa API.