Legal Opinion
Continental Bank, N.A. v. Robinson O. Everett
Court of Appeals for the Seventh Circuit
Decided August 12, 1992No. 91-2979PublishedCited by 82 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Guilford Teleeasters, Inc., which operates WGGT-TV in Greensboro, North Carolina, borrowed $4.2 million from Continental Bank in 1984. Continental obtained guarantees from the firm’s stockholders, each of whom is jointly and severally liable up to a limit based on his proportional ownership of the stock. Robinson Everett and the estate of Kathrine Everett, his mother, own 65% of the stock between them. Each guaranteed roughly $1.6 million of Guilford’s debt. J.H. Froelich, who owns a smaller bloc, guaranteed about $545,000 of the debt. Other investors assumed…
2Cases cited29 opinions
- Budinich v. Becton Dickinson & Co.Supreme Court of the United States · 1988
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- Louis W. Levit, Trustee of V.N. Deprizio Construction Co. v. Ingersoll Rand Financial CorporationCourt of Appeals for the Seventh Circuit · 1989
- O'Hare International Bank, a National Banking Association v. Berlon E. HamptonCourt of Appeals for the Seventh Circuit · 1971
- James S. Jordan, Cross-Appellee v. Duff and Phelps, Inc., Claire v. Hansen, and Francis E. Jeffries, Defendants- Cross-AppellantsCourt of Appeals for the Seventh Circuit · 1987
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3Cited by82 opinions
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- 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
- Edward H. Mathews, Individually and on Behalf of All Others Similarly Situated v. Sears Pension Plan and Sears, Roebuck & CompanyCourt of Appeals for the Seventh Circuit · 1998
- Northwestern National Insurance Company v. Robert T. Baltes, DCourt of Appeals for the Seventh Circuit · 1994
- McKissick v. YuenCourt of Appeals for the Tenth Circuit · 2010
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