Legal Opinion
First National Bank of Chicago v. Atlantic Tele-Network Company
Court of Appeals for the First Circuit
Decided November 14, 1991No. 90-3651PublishedCited by 25 opinions
1Opinion of the Court
POSNER, Circuit Judge.
This is a diversity suit for breach of contract, brought by First National Bank of Chicago against Atlantic Tele-Network Co. (ATN); Illinois law applies. The district judge granted First National’s motion for summary judgment and entered judgment for some $296,000 in damages, plus prejudgment interest.
The suit is based on two letter offers that the bank sent ATN in December 1986 and that ATN accepted later that month and early the next. The commitment letter offered to lend ATN $75 million to buy the Virgin Islands Telephone Company (Vi-telco) upon the terms specified in…
2Cases cited15 opinions
- 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
- Market Street Associates Limited Partnership and William Orenstein v. Dale FreyCourt of Appeals for the Seventh Circuit · 1991
- Walter P. Maksym, Jr. v. Dolores LoeschCourt of Appeals for the Seventh Circuit · 1991
- Lake River Corporation, Plaintiff-Appellee-Cross-Appellant v. Carborundum Company, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1985
- Hickox v. BellAppellate Court of Illinois · 1990
10 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Bair v. Axiom Design, L.L.C.Utah Supreme Court · 2001
- Rajesh Gupta v. Morgan Stanley Smith Barney, LCourt of Appeals for the Seventh Circuit · 2019
- Digital Equipment Corporation v. Uniq Digital Technologies, Inc.Court of Appeals for the Seventh Circuit · 1996
- Xco International Inc., Plaintiff-Appellant/cross-Appellee v. Pacific Scientific Company, Defendant-Appellee/cross-AppellantCourt of Appeals for the Seventh Circuit · 2004
- Capital Options Investments, Incorporated, a Delaware Corporation v. Goldberg Brothers Commodities, Incorporated and Linnco Futures, IncorporatedCourt of Appeals for the Seventh Circuit · 1992
20 more not listed; retrieve them via the Exa API.