Legal Opinion
In Re Comdisco, Inc.
Court of Appeals for the Seventh Circuit
Decided August 13, 2008No. 07-1474, 07-1484PublishedCited by 22 opinions
1Opinion of the Court
WOOD, Circuit Judge.
Philip Hewes, John Yosicky, Thomas Flohr, Jack Slevin, and a large group known as “Certain SIP Claimants” (collectively, “the Claimants”) are former executives and high level employees of Comdisco, Inc. As part of a new shared investment plan sponsored by Comdisco, in 1998 they borrowed money from participating banks (“Lenders”) to purchase shares of Comdisco. To secure the loans, they executed promissory notes in their personal capacity; Comdisco acted as guarantor of the notes. Comdisco turned out not to be such a great bet: in 2001, it filed for bankruptcy, triggering a…
2Cases cited2 opinions
- In the Matter of MORSE ELECTRIC COMPANY, INC., Debtor. Appeal of HOOSIER FENCE COMPANY, INC.Court of Appeals for the Seventh Circuit · 1986
- Zedan v. HabashCourt of Appeals for the Seventh Circuit · 2008
3Cited by22 opinions
- Tidwell v. Smith (In Re Smith)Court of Appeals for the Seventh Circuit · 2009
- Ritzen Grp., Inc. v. Jackson Masonry, LLC (In Re Jackson Masonry, LLC)Court of Appeals for the Sixth Circuit · 2018
- Speer v. Chapter 7 Trustee Tow (In re Royce Homes LP)United States Bankruptcy Court, S.D. Texas · 2012
- In Re GrayDistrict Court, E.D. Michigan · 2011
- Moglia v. PACIFIC EMPLOYERS INS. CO. NORTH AMERICACourt of Appeals for the Seventh Circuit · 2008
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