Legal Opinion
King v. Gibbs
Court of Appeals for the Seventh Circuit
Decided June 1, 1989No. Nos. 88-2668, 88-3441PublishedCited by 42 opinions
1Opinion of the Court
FLAUM, Circuit Judge.
In Heizer Corporation v. Ross, 601 F.2d 330, 334 (7th Cir.1979), we held that a securities wrongdoer was not entitled under federal law to indemnification for its liabilities. Gibbs, the cross-claim plaintiff, claims that as an innocent defendant, rather than a wrongdoer, the rule of Heizer is inapplicable to his case. The district court held that even if Gibbs could prove that he was innocent, and the cross-claim defendants were wrongdoers, he would still have no federal right to indemnification. We agree with the district court that there is no right to indemnification…
2Cases cited30 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Cort v. AshSupreme Court of the United States · 1975
- Textile Workers v. Lincoln Mills of Ala.Supreme Court of the United States · 1957
25 more not listed; retrieve them via the Exa API.
3Cited by42 opinions
- Delay v. Rosenthal Collins Group, LLCCourt of Appeals for the Sixth Circuit · 2009
- Steven J. Holman and Karen L. Holman v. State of Indiana and Indiana Department of TransportationCourt of Appeals for the Seventh Circuit · 2000
- Dexia Credit Local v. RoganCourt of Appeals for the Seventh Circuit · 2010
- Fed. Sec. L. Rep. P 98,658 Paulette Eichenholtz, Individually and on Behalf of All Others Similarly Situated and Derivatively on Behalf of International Breeders, Inc., and David W. Craig, (Intervenor in d.c.) v. Robert E. Brennan First Jersey Securities, Inc. International Thoroughbred Breeders, Inc. Garden State Racetrack, Inc. Rooney Pace, Inc. First Philadelphia Corporation Kerry B. Fitzpatrick John W. Allen Joseph C. Daniel, Jr. Jack Price Robert J. Quigley Norman Rothstein John J. Degnan Richard J. Hughes Ronald J. Riccio Joseph K. Fisher and Herbert Barness. Larry Salberg, Individually and on Behalf of All Others Similarly Situated and David W. Craig, (Intervenor in d.c.) v. Robert E. Brennan First Jersey Securities, Inc. International Thoroughbred Breeders, Inc. Rooney Pace, Inc. Kerry B. Fitzpatrick Robert J. Quigley John J. Degnan Richard J. Hughes Ronald J. Riccio and Joseph K. Fisher First Jersey Securities, Inc. Rooney Pace, Inc. And First Philadelphia Corporation, No. 94-5253, D.C. Civ. A. Nos. 88-Cv-00515, 88-Cv-00773Court of Appeals for the First Circuit · 1995
- Cerullo v. DerwinskiUnited States Court of Appeals for Veterans Claims · 1991
37 more not listed; retrieve them via the Exa API.