Legal Opinion
In the Matter of Jerome D. Baker, Debtor. Appeal of Lasalle Bank Ni
Court of Appeals for the Seventh Circuit
Decided June 4, 1997No. 96-3685PublishedCited by 40 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Jerome Baker and his family operated Bakco Data, Inc., which had a profit-sharing pension plan. When the firm encountered financial difficulties, Baker and three of his children borrowed from the plan and used the money as working capital for Bakco. Some of the checks were written directly to Bakco. The loans were not properly documented and exceeded permissible levels; the borrowers did not attempt to repay the loans; but at least disbursements did not exceed the borrowers’ vested balances and did not compromise other participants’ ac counts. Throwing good money…
2Cases cited13 opinions
- Patterson v. ShumateSupreme Court of the United States · 1992
- Guidry v. Sheet Metal Workers National Pension FundSupreme Court of the United States · 1990
- In the Matter of Richard E. BARKER, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1985
- Sea-Land Services, Inc. v. The Pepper Source, Caribe Crown, Inc., Gerald Marchese Doing Business as Jamar CorporationCourt of Appeals for the Seventh Circuit · 1991
- Virginia Madonia v. Blue Cross & Blue Shield of VirginiaCourt of Appeals for the Fourth Circuit · 1993
8 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Raymond B. Yates, MD, PC Profit Sharing Plan v. HendonSupreme Court of the United States · 2004
- Thomas J. Moriarty v. James F. Svec, Individually, Doing Business as Svec and Sons Funeral Home and Doing Business as West Suburban LiveryCourt of Appeals for the Seventh Circuit · 1999
- Provident Life & Accident Insurance v. SharplessCourt of Appeals for the Fifth Circuit · 2004
- In Re RadcliffeCourt of Appeals for the Seventh Circuit · 2009
- Wadleigh v. CommissionerUnited States Tax Court · 2010
35 more not listed; retrieve them via the Exa API.