Legal Opinion
Robert J. Sheldon and Joan M. Sheldon, Doing Business as World Bazaar of Southlake v. Munford, Inc. And Lee Wards Creative Crafts, Inc.
Court of Appeals for the Seventh Circuit
Decided May 15, 1990No. 89-2324PublishedCited by 27 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The Sheldons obtained a judgment for $300,000 against Munford, Inc. (and a sister corporation that we shall ignore to simplify our opinion) in the district court. In order to stay execution of the judgment pending appeal to this court, Munford obtained a supersedeas bond issued by the Insurance Company of North America. Fed.R.Civ.P. 62(d). The bond made INA jointly and severally liable on the judgment with Munford. Shortly before the appeal was to be argued, Munford filed for protection under Chapter 11 of the Bankruptcy Code and asked us to stay further proceedings in…
2Cases cited3 opinions
- Ron Grubb and Weatherford Interstate Financial Corporation, Plaintiffs v. Federal Deposit Insurance CorporationCourt of Appeals for the Tenth Circuit · 1988
- Mid-Jersey National Bank v. Fidelity-Mortgage InvestorsCourt of Appeals for the Third Circuit · 1975
- Carter Baron Drilling v. Excel Energy Corp.District Court, D. Colorado · 1987
3Cited by27 opinions
- Parker v. BainCourt of Appeals for the Ninth Circuit · 1995
- Farley v. HensonCourt of Appeals for the Eighth Circuit · 1993
- In Re: Ralph T. Byrd, Debtor, Platinum Financial Services Corporation, Roger Schlossberg, Chapter 7 Trustee, Trustee-Appellant v. Ralph T. ByrdCourt of Appeals for the Fourth Circuit · 2004
- In Re Keene Corp.United States Bankruptcy Court, S.D. New York · 1994
- In Re Mid-City Parking, Inc.United States Bankruptcy Court, N.D. Illinois · 2005
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