Legal Opinion

In Re Daig Corporation, Debtor. Merrimac Associates, Inc. v. Daig Corporation

Court of Appeals for the Eighth Circuit

Decided September 4, 1986No. 86-5004PublishedCited by 9 opinions

1Opinion of the Court

LAY, Chief Judge.

Merrimac Associates, Inc. (Merrimac) appeals from a district court 1 judgment affirming limitation of Merrimac’s compensation for professional consulting services rendered to a Chapter 11 debtor in possession, Daig Corporation (Daig). Daig employed Merrimac for two months in 1981 under a management consulting agreement. The bankruptcy court 2 limited Mer-rimac’s compensation to an amount previously paid by Daig and invalidated Merri-mac’s warrant to purchase Daig common stock. See In re Daig Corp., 48 B.R. 121, 137-38 (Bankr.D.Minn.1985). The bankruptcy court based its order…

2Cases cited3 opinions

  1. In Re Daig Corp.United States Bankruptcy Court, D. Minnesota · 1985
  2. Miller v. General Outdoor Advertising Co.District Court, S.D. New York · 1963
  3. Bradford v. Crown-Bremson Industries, Inc.District Court, M.D. Tennessee · 1964

3Cited by9 opinions

  1. Carrieri v. Jobs.Com Inc.Court of Appeals for the Fifth Circuit · 2004
  2. Bankr. L. Rep. P 71,586 in Re Kevin Pierce, Individually and as a Partner of Pierce Farms, Debtor. In Re Wayne Pierce, Individually and as a Partner of Pierce Farms, Debtor. In Re Michael Pierce, Individually and as a Partner of Pierce Farms, Debtor. Lyle Pierce, Individually and as a Partner of Pierce Farms v. Aetna Life Insurance Company, Creditors Committee, Creditors Schmalz, Fitzsimmons & Cassavan, Farmers Home Administration & Commodity Credit Corporation, General Motors Acceptance Corp., Wayne Drewes, Ch. 7 Trustee, National Farmers Union Property & Casualty Company. Neil A. McEwen v. William P. Westphal, U.S. Trustee and Wayne Drewes, Bankruptcy TrusteeCourt of Appeals for the Eighth Circuit · 1987
  3. Buckley v. Transamerica Investment Corp. (In Re Southern Kitchens, Inc.)United States Bankruptcy Court, D. Minnesota · 1998
  4. In Re Republic Financial Corp.United States Bankruptcy Court, N.D. Oklahoma · 1991
  5. Bicoastal Corp. v. Clear (In Re Bicoastal Corp.)United States Bankruptcy Court, M.D. Florida · 1993

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