Legal Opinion
Giuffre Organization, Ltd. v. Euromotorsport Racing, Inc.
Court of Appeals for the Seventh Circuit
Decided April 13, 1998No. 97-1146PublishedCited by 7 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Championship Auto Racing Teams, Inc. (cart) organizes “Indy Car” auto races—that is, competitions among cars designed for the Indianapolis 500 and similar, but less famous, events. A share of stock in cart represents not only an investment (and an opportunity to share in whatever profits cart makes) but also a membership, and thus a right to participate in the races. No owner can enter a car without the membership that is linked to ownership of cart stock. Ability to pay for a share is not enough to buy one; existing racing teams care deeply about who is going to be…
2Cases cited15 opinions
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Landreth Timber Co. v. LandrethSupreme Court of the United States · 1985
- Marine Bank v. WeaverSupreme Court of the United States · 1982
- Zamore v. WhittenSupreme Judicial Court of Maine · 1978
- Blasingame v. American Materials, Inc.Tennessee Supreme Court · 1983
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3Cited by7 opinions
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- Nagel v. ADM Investor Services, Inc.District Court, N.D. Illinois · 1999
- In Re Norman C. Turley Dorian Turley, Debtors. Thomas C. Thompson Sports, Inc. v. Farmers & Merchants Bank of Long BeachCourt of Appeals for the Ninth Circuit · 1999
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