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In Re Edward M. Johnson and Associates, Inc., Debtor. John P. Newton, Jr., Trustee v. Edward M. Johnson

Court of Appeals for the Sixth Circuit

Decided July 19, 1988No. 86-6253PublishedCited by 63 opinions

1Opinion of the Court

BAILEY BROWN, Senior Circuit Judge.

Plaintiff-Appellant John P. Newton, Jr., 1 Trustee for debtor Edward M. Johnson & Associates, Inc. (“J & A”), appeals the order of the district court reducing the amount awarded to the Trustee by the bankruptcy court in a proceeding brought by the Trustee against Edward M. Johnson (“Johnson”) under a contract in which Johnson, shortly prior to bankruptcy, sold all of the stock of J & A to Omni Communications, Inc. (“Omni”). The bankruptcy court held that J & A (and hence the Trustee) was an intended third party beneficiary to a provision in the stock sale…

2Cases cited12 opinions

  1. Slodov v. United StatesSupreme Court of the United States · 1978
  2. Bankr. L. Rep. P 70,935 Vance L. Ragsdale v. John Frederick Haller AKA Fred HallerCourt of Appeals for the Ninth Circuit · 1986
  3. Wegner v. GrunewaldtCourt of Appeals for the Eighth Circuit · 1987
  4. In the Matter of Laymon Berman Walker, Bankrupt. Laymon Berman Walker v. Citizens State Bank of Maryville, MissouriCourt of Appeals for the Eighth Circuit · 1984
  5. In the Matter of Don Orriel Neis, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1983

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3Cited by63 opinions

  1. TWB Architects, Inc. v. The Braxton, LLCTennessee Supreme Court · 2019
  2. Sumitomo Trust & Banking Co. v. Holly's, Inc. (In Re Holly's, Inc.)United States Bankruptcy Court, W.D. Michigan · 1992
  3. 27 Collier bankr.cas.2d 1112, Bankr. L. Rep. P 74,813, 20 Ucc rep.serv.2d 1008 in Re Baker & Getty Financial Services, Inc., Debtors. First National Bank of Barnesville, (91-3200), Plaintiff/cross-Appellant (91-3199) v. Carl D. Rafoth, Trustee for Baker & Getty Financial Services, Inc., Baker & Getty Diversified, Inc., Baker & Getty Securities, Inc., Philip Cordek and Suzan Bierman Cordek, (91-3195), Defendants/cross-Appellants (91-3269)Court of Appeals for the First Circuit · 1992
  4. In Re Wolverine Radio CompanyCourt of Appeals for the Sixth Circuit · 1991
  5. Hardin v. Caldwell (In re Caldwell)Court of Appeals for the Sixth Circuit · 1988

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