Legal Opinion
Omni Tech Corporation, Terry Anderson, and Nancy Anderson v. Mpc Solutions Sales, Llc, and Mpc Computers, LLC
Court of Appeals for the Seventh Circuit
Decided December 30, 2005No. 04-4340PublishedCited by 29 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Omni Tech sold its End User Division to MPC Solutions. The contract provided for some post-closing adjustments to the price, including one for net working capital, a term defined in § 3.3(a)(v) of the contract. If net working capital exceeds $8 million, then the final purchase price rises by the amount of the difference; if net working capital is less than $8 million, then the price is reduced dollar for dollar. After the closing, Omni Tech told MPC that net working capital was $10.6 million; MPC replied that by its lights net working capital was only $6.7 million.
Th…
2Cases cited13 opinions
- Carnival Cruise Lines, Inc. v. ShuteSupreme Court of the United States · 1991
- Perry v. ThomasSupreme Court of the United States · 1987
- Yamaha Motor Corp., USA v. CalhounSupreme Court of the United States · 1996
- Omron Healthcare, Inc. v. MacLaren Exports LimitedCourt of Appeals for the Seventh Circuit · 1994
- Apex Fountain Sales, Inc. v. Kleinfeld, Ernie, Flo Aire, Inc., Kearney, Jr., Ralph, Kearney, Michael, Ralph Kearney & Son, Inc.Court of Appeals for the Third Circuit · 1987
8 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Advanced Bodycare Solutions, LLC v. Thione International, Inc.Court of Appeals for the Eleventh Circuit · 2008
- Blue Cross Blue Shield of Massachusetts, Inc. v. BCS InsuranceCourt of Appeals for the Seventh Circuit · 2011
- Grain v. Trinity Health, Mercy Health Services Inc.Court of Appeals for the Sixth Circuit · 2008
- Riviera Distributors, Inc. v. JonesCourt of Appeals for the Seventh Circuit · 2008
- Sherwood v. MARQUETTE TRANSPORTATION COMPANY, LLCCourt of Appeals for the Seventh Circuit · 2009
24 more not listed; retrieve them via the Exa API.