Legal Opinion
Bankdirect Capital Fin., LLC v. Capital Premium Fin., Inc.
Court of Appeals for the Seventh Circuit
Decided January 9, 2019No. 18-1054PublishedCited by 16 opinions
1Opinion of the Court
Easterbrook, Circuit Judge.
BankDirect Capital Finance and Capital Premium Financing both participate in the market for loans to finance insurance premiums. Insurers want to be paid up front for the full policy period, but many businesses prefer to pay by the month. A premium-financing loan makes both things possible. The client makes a down payment toward the annual premium and borrows the rest. It repays the loan monthly.
In 2010 Capital Premium, having exhausted the line of credit that financed its operations, approached its competitor BankDirect with a request for operating capital.…
2Cases cited8 opinions
- Schmidt v. LessardSupreme Court of the United States · 1974
- The Original Great American Chocolate Chip Cookie Company, Incorporated v. River Valley Cookies, Limited, Robert M. Sigel, Paula SigelCourt of Appeals for the Seventh Circuit · 1992
- Gunn v. University Committee to End the War in Viet NamSupreme Court of the United States · 1970
- Gail Bates v. Gordon Johnson, Director, Illinois Department of Children and Family ServicesCourt of Appeals for the Seventh Circuit · 1990
- Gerstein v. CoeSupreme Court of the United States · 1974
3 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Auto Driveaway Franchise Sys., LLC v. Auto Driveaway Richmond, LLCCourt of Appeals for the Seventh Circuit · 2019
- Union Home Mortg. Corp. v. Erik CromerCourt of Appeals for the Sixth Circuit · 2022
- ALL-OPTIONS, INC. v. ATTORNEY GENERAL OF INDIANADistrict Court, S.D. Indiana · 2021
- ANDERSON FEDERATION OF TEACHERS v. ROKITADistrict Court, S.D. Indiana · 2021
- Anderson v. JeffreysDistrict Court, N.D. Illinois · 2021
11 more not listed; retrieve them via the Exa API.