Legal Opinion
Kdi Corporation v. Former Shareholders of Labtron of America
Court of Appeals for the Sixth Circuit
Decided June 24, 1976No. 75-1716PublishedCited by 5 opinions
1Opinion of the Court
JOHN W. PECK, Circuit Judge.
KDI Corporation, the debtor in a Chapter XI bankruptcy proceeding, perfected this appeal from a decision of the district court affirming a bankruptcy court decision. The bankruptcy judge had held that appellees were shareholders of the appellant corporation entitled to an additional 59,000 shares, rather than creditors falling within Class 6 of the plan of arrangement.
On December 18, 1968, KDI Corporation entered into a corporate acquisition contract, under which KDI acquired Labtron in exchange for $200,000.00 payable in shares of KDI issued to Labtron’s…
2Cases cited4 opinions
- United States v. Title Guarantee & Trust Co.Court of Appeals for the Sixth Circuit · 1943
- Commissioner of Internal Revenue v. Landers CorpCourt of Appeals for the Sixth Circuit · 1954
- In the Matter of Kdi Corporation, Debtor. Frederick Beach and Vincent Di Rubbio v. Kdi Corporation and Kdi Creditors' CommitteeCourt of Appeals for the Sixth Circuit · 1973
- Los Angeles Fisheries, Inc. v. CrookCourt of Appeals for the Ninth Circuit · 1931
3Cited by5 opinions
- Hansen v. Finn (In Re Curry & Sorensen, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1986
- In Re International Wireless Communications Holdings, Inc.United States Bankruptcy Court, D. Delaware · 2001
- Frankum v. International Wireless Communications Holdings, Inc. (In Re International Wireless Communications Holdings, Inc.)District Court, D. Delaware · 2002
- Algren v. AlgrenOhio Court of Appeals · 2009
- Klingler Electric Corp. v. United StatesDistrict Court, S.D. Mississippi · 1991