Legal Opinion

Wieboldt Stores, Inc. v. Schottenstein

District Court, N.D. Illinois

Decided February 23, 1990No. 87 C 8111PublishedCited by 25 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

HOLDERMAN, District Judge:

On December 20, 1985 WSI Acquisition Corporation (“WSI” 1 ) acquired Wieboldt Stores, Inc. (“Wieboldt”) in a so-called leveraged buyout (“LBO”). On September 24, 1986 Wieboldt filed for relief under Chapter 11 of the Bankruptcy Code. A year later Wieboldt’s Chapter 11 trustee (“Trustee”) filed this action against various defendants involved in the Wieboldt LBO alleging, inter alia, that the LBO constituted a fraudulent conveyance of Wie-boldt’s assets. In November of 1988 this court granted certain defendants’ motions to dismiss and denied…

2Cases cited43 opinions

  1. Conley v. GibsonSupreme Court of the United States · 1957
  2. Cort v. AshSupreme Court of the United States · 1975
  3. Owen Equipment & Erection Co. v. KrogerSupreme Court of the United States · 1978
  4. Northwest Airlines, Inc. v. Transport Workers UnionSupreme Court of the United States · 1981
  5. California v. Sierra ClubSupreme Court of the United States · 1981

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3Cited by25 opinions

  1. In the Matter of Irma J. Walker, Debtor. Irma J. Walker v. The Cadle Company v. Denise D. Lindsey and Stan Svara D/B/A Sks EnterprisesCourt of Appeals for the Fifth Circuit · 1995
  2. Aluminum Mills Corp. Ex Rel. Official Unsecured Creditors Committee v. Citicorp North America, Inc. (In Re Aluminum Mills Corp.)United States Bankruptcy Court, N.D. Illinois · 1991
  3. Branch v. Federal Deposit InsuranceDistrict Court, D. Massachusetts · 1993
  4. Wieboldt Stores, Inc. Ex Rel. Raleigh v. SchottensteinDistrict Court, N.D. Illinois · 1991
  5. Pajaro Dunes Rental Agency, Inc. v. Spitters (In Re Pajaro Dunes Rental Agency, Inc.)United States Bankruptcy Court, N.D. California · 1994

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