In the Matter of Edc, Incorporated, Debtors-Appellants
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
Debtors in possession, representing the unsecured creditors of a group of bankrupt affiliated corporations (collectively, EDC), charge the International Harvester Company (now called Navistar) with mail and wire fraud, 18 U.S.C. §§ 1341 and 1343, as predicate offenses under the Racketeer Influenced and Corrupt Organizations Act (RICO), 18 U.S.C. §§ 1962, 1964. Damages in excess of $100 million before trebling are sought. The plaintiffs also seek to subordinate or extinguish tens of millions of dollars’ worth of Harvester’s claims against the bankrupt estate. After a…
2Cases cited20 opinions
- Nachman Corp. v. Pension Benefit Guaranty CorporationSupreme Court of the United States · 1980
- Junior Ray Duckworth, Cross-Appellants v. Gayle Franzen, Cross-AppelleesCourt of Appeals for the Seventh Circuit · 1986
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- United States v. Jerry R. BohonusCourt of Appeals for the Ninth Circuit · 1980
- Liquid Air Corp. v. RogersCourt of Appeals for the Seventh Circuit · 1987
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