Legal Opinion
In Re Apex Oil Company, Debtors. Apex Oil Company v. Clark Oil & Refining Corporation
Court of Appeals for the Eighth Circuit
Decided March 6, 1992No. 91-2833PublishedCited by 12 opinions
1Opinion of the Court
HENRY WOODS, District Judge.
I. BACKGROUND
This bankruptcy appeal revolves around the sale of assets from Apex Oil Company (hereinafter “Apex”) to Clark Oil & Refining Corporation (hereinafter “Clark”) in a post-bankruptcy agreement. By terms of the agreement, the purchase price would be an amount which would leave Apex with $15,000,000 in closing retained working capital (hereinafter “CRWC”) to operate the businesses retained by Apex. Even though the $15,000,000 figure referred to the retained capital at the time of closing, the parties recognized that the exact amount of retained capital…
2Cases cited9 opinions
- A. C. Newman, Jr., Plaintiff-Appellee-Cross v. A. E. Staley Manufacturing Company, a Corporation, Defendant-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1981
- Rogers v. First National Bank of PeoriaSupreme Court of the United States · 1989
- Charles W. Morgan v. Commercial Union Assurance CompaniesCourt of Appeals for the Fifth Circuit · 1979
- William H. "Butch" Gossett, Jr. And Donna Sue Gossett v. Weyerhaeuser CompanyCourt of Appeals for the Eighth Circuit · 1988
- McGraw Company v. Central Transformer Corporation, Central Transformier Corporation v. McGraw CompanyCourt of Appeals for the Eighth Circuit · 1962
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3Cited by12 opinions
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