Legal Opinion
In the Matter of Fbn Food Services, Inc., Debtor. River Bank America
Court of Appeals for the Seventh Circuit
Decided May 17, 1996No. 95-2099, 95-2954PublishedCited by 73 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
During the 1980s River Bank America lent more than $7 million to SIG Food Services Associates (SFSA), to finance SFSA’s purchase of equipment for a group of Sizzler Family Steakhouses. SFSA leased the equipment to FBN Food Services, Inc., which operated the restaurants. SFSA and FBN had common equity owners: SIG Partners, Quest Equities Corp. (a subsidiary of River Bank), and Anthony Basile. SFSA later borrowed $6.5 million from American National Bank (ANB); River Bank agreed to stand behind ANB in the queue for payment. The business venture was not a success, and…
2Cases cited31 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Field v. MansSupreme Court of the United States · 1995
- Granfinanciera, S.A. v. NordbergSupreme Court of the United States · 1989
- Bill Johnson's Restaurants, Inc. v. National Labor Relations BoardSupreme Court of the United States · 1983
- Brotherhood of Railroad Trainmen v. Baltimore & Ohio RailroadSupreme Court of the United States · 1947
26 more not listed; retrieve them via the Exa API.
3Cited by73 opinions
- James W. Adair v. Michael L. Sherman and Sherman & ShermanCourt of Appeals for the Seventh Circuit · 2000
- David A. Morlan v. Universal Guaranty Life Insurance CompanyCourt of Appeals for the Seventh Circuit · 2002
- In the Matter of Forty-Eight Insulations, Incorporated, Debtor. Appeal of Maritime Asbestos 1Court of Appeals for the Seventh Circuit · 1997
- Boyer v. Crown Stock Distribution, Inc.Court of Appeals for the Seventh Circuit · 2009
- Official Committee of Unsecured Creditors of Toy King Distributors, Inc. v. Liberty Savings Bank, FSB (In Re Toy King Distributors, Inc.)United States Bankruptcy Court, M.D. Florida · 2000
68 more not listed; retrieve them via the Exa API.