Legal Opinion
Hicks v. Midwest Transit, Inc.
Court of Appeals for the Seventh Circuit
Decided September 10, 2007No. 05-4523PublishedCited by 36 opinions
1Opinion of the Court
SYKES, Circuit Judge.
Hal D. Hicks leased 100 mail-carrying trailers to Midwest Transit, Inc. (“Midwest”) while he was the president, a director, and a majority shareholder of the company. Shortly thereafter a receiver was appointed by an Illinois state court to protect Midwest from various breaches of fiduciary duties alleged against Hicks in a shareholders’ derivative lawsuit. The receiver refused to pay Hicks on the leases, arguing that they were invalid under the Illinois Director Conflict of Interest statute.
While this litigation was ongoing in state court, Hicks’s lender filed suit in…
2Cases cited8 opinions
- Mary Ruffin-Thompkins v. Experian Information Solutions, Inc.Court of Appeals for the Seventh Circuit · 2005
- L.S. Heath & Son, Inc. v. At & T Information Systems, Inc.Court of Appeals for the Seventh Circuit · 1993
- Shlensky v. South Parkway Building Corp.Illinois Supreme Court · 1960
- John F. Belom v. National Futures Association and Joy JuCourt of Appeals for the Seventh Circuit · 2002
- Spencer v. World's Columbian ExpositionIllinois Supreme Court · 1896
3 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Delapaz v. RichardsonCourt of Appeals for the Seventh Circuit · 2011
- Raymond Hayes v. City of ChicagoCourt of Appeals for the Seventh Circuit · 2012
- Hutchings v. United StatesCourt of Appeals for the Seventh Circuit · 2010
- Laouini v. CLM Freight Lines, Inc.Court of Appeals for the Seventh Circuit · 2009
- Hicks v. Midwest Transit, Inc.Court of Appeals for the Seventh Circuit · 2008
31 more not listed; retrieve them via the Exa API.