In the Matter of Forum Group, Incorporated, Debtor-Appellee. Appeal of Royce Harrell, Wayne S. Tush, Ken Veil
Court of Appeals for the Seventh Circuit
1Opinion of the Court
FLAUM, Circuit Judge.
The plaintiffs were executives at Forum Group, Inc. (“Forum”) until they were terminated in 1992. Following their terminations, the executives sought compensation pursuant to termination benefits agreements (TBAs) they had each entered into with Forum. However, the TBAs, essentially golden parachutes, had been rejected when Forum went through a voluntary bankruptcy. The executives therefore filed unsecured claims for damages in the bankruptcy court. The bankruptcy court allowed the claims over Forum’s objection. On appeal, the district court reversed the bankruptcy court,…
2Cases cited11 opinions
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- Schreiber v. Burlington Northern, Inc.Supreme Court of the United States · 1985
- Edmond C. Teumer v. General Motors CorporationCourt of Appeals for the Seventh Circuit · 1994
- Edward Garlington v. Michael O'Leary and Neil F. HartiganCourt of Appeals for the Seventh Circuit · 1989
- Penny Jo Bechtold v. Physicians Health Plan of Northern Indiana, IncorporatedCourt of Appeals for the Seventh Circuit · 1994
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- Zimmer, Inc. v. Nu Tech Medical, Inc.District Court, N.D. Indiana · 1999
- In re Merchants Grain, Inc. ex rel MahernCourt of Appeals for the Seventh Circuit · 1996
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