Legal Opinion
B.E.L.T., Inc. v. Wachovia Corporation
Court of Appeals for the Seventh Circuit
Decided April 5, 2005No. 04-1812PublishedCited by 45 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Lacrad International Corporation borrowed widely during its existence between 1984 and 2002. Lacrad, which among other activities sold religious products on digital media, did not practice what it preached; Rodney T.E. Dixon, its former CEO, pleaded guilty last fall to fraud and money laundering. CoreStates Bank had given Lacrad a line of credit in 1997 and also provided Dixon and other managers with credit cards, which they used profligately. (CoreStates merged into First Union National Bank, which has merged into Wachovia Corporation. We follow the parties’…
2Cases cited12 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Heckler v. ChaneySupreme Court of the United States · 1985
- Cenco Inc. v. Seidman & SeidmanCourt of Appeals for the Seventh Circuit · 1982
- Fed. Sec. L. Rep. P 94,352 Martin A. Rankow v. First Chicago Corp.Court of Appeals for the First Circuit · 1989
- Eastern Trading Company v. Refco, Inc., and Refco Capital CorporationCourt of Appeals for the Seventh Circuit · 2000
7 more not listed; retrieve them via the Exa API.
3Cited by45 opinions
- Meoli v. Huntington National Bank (In Re Teleservices Group, Inc.)United States Bankruptcy Court, W.D. Michigan · 2012
- Commerce Bank/Pennsylvania v. First Union National BankSuperior Court of Pennsylvania · 2006
- El Camino Resources, Ltd. v. Huntington National BankDistrict Court, W.D. Michigan · 2010
- In re Petters Company, Inc.United States Bankruptcy Court, D. Minnesota · 2013
- BNP Paribas Mortgage Corp. v. Bank of America, N.A.District Court, S.D. New York · 2013
40 more not listed; retrieve them via the Exa API.