Legal Opinion
Alleco, Inc. v. IBJ Schroder Bank & Trust Co.
District Court, D. Minnesota
Decided August 16, 1989No. Civ. 3-87-0802PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
MAGNUSON, District Judge.
In September 1985, Allegheny Beverage Corporation issued $105 million in 9V2% Convertible Senior Subordinated Debentures Due 2010. This dispute focuses on the interpretation of the Debenture Certificates and the accompanying Indenture. Within three years after these Debentures 1 were issued, the company changed its name to Alleco, Inc., sold off its operating subsidiaries, and dissolved.
Alleco sold its final subsidiary, Service America Corporation, via a leveraged buyout in December 1987. Service America, now a wholly-owned subsidiary of Servam…
2Cases cited7 opinions
- Fed. Sec. L. Rep. P 97,956 David Broad v. Rockwell International CorporationCourt of Appeals for the Fifth Circuit · 1981
- Lester J. Trnka v. Elanco Products Co., a Division of Eli Lilly and CompanyCourt of Appeals for the Eighth Circuit · 1983
- Sharon Steel Corp. v. Chase Manhattan Bank, N.A.Court of Appeals for the Second Circuit · 1982
- Neil A. Holmgren v. Massey-Ferguson, Inc.Court of Appeals for the Eighth Circuit · 1975
- Crane Ice Cream Co. v. Terminal Freezing & Heating Co.Court of Appeals of Maryland · 1925
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3Cited by4 opinions
- Alleco Inc. v. Harry & Jeanette Weinberg Foundation, Inc.Court of Appeals of Maryland · 1995
- National City Bank v. Lapides (In Re Transcolor Corp.)United States Bankruptcy Court, D. Maryland · 2003
- Official Committee of Unsecured Creditors of Buckhead America Corp. v. Reliance Capital Group, Inc. (In Re Buckhead America Corp.)District Court, D. Delaware · 1994
- Waxman v. Cliffs Natural Resources Inc.District Court, S.D. New York · 2016