Legal Opinion
United States v. Joseph D. Castellano
Court of Appeals for the Seventh Circuit
Decided November 17, 2003No. 02-3166PublishedCited by 18 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Joseph Castellano and his son Monte managed The Joseph Daniel Company, which built single-family homes. Customers financed this work with bridge loans from Old Exchange National Bank of Okawville, Illinois. To attract business, the firm offered low prices — too low, it turns out, to cover the cost of construction. Losing money on every sale while trying to make it up on volume is a formula for disaster — and an invitation to fraud. The Bank agreed to disburse the construction loans in thirds: the first when the buyer signed the contract, the second when the buyer…
2Cases cited11 opinions
- Burlington Industries, Inc. v. EllerthSupreme Court of the United States · 1998
- Cedric Kushner Promotions, Ltd. v. KingSupreme Court of the United States · 2001
- Clackamas Gastroenterology Associates, P. C. v. WellsSupreme Court of the United States · 2003
- Atherton v. Federal Deposit Insurance Corp.Supreme Court of the United States · 1997
- United States v. Donald BehrmanCourt of Appeals for the Seventh Circuit · 2000
6 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- United States v. JimenezCourt of Appeals for the Third Circuit · 2008
- United States v. Christian PetersonCourt of Appeals for the Seventh Circuit · 2016
- United States v. ErpenbeckCourt of Appeals for the Sixth Circuit · 2008
- United States v. WeidnerCourt of Appeals for the Tenth Circuit · 2006
- United States v. EdelkindCourt of Appeals for the First Circuit · 2006
13 more not listed; retrieve them via the Exa API.