Legal Opinion
In the Matter of Commodity Merchants, Inc., Bankrupt. Harper C. Allan, as Trustee in Bankruptcy v. Archer-Daniels-Midland Co.
Court of Appeals for the Seventh Circuit
Decided July 16, 1976No. 75-2114PublishedCited by 37 opinions
1Opinion of the Court
CUMMINGS, Circuit Judge.
Both the defendant, Archer-Daniels-Midland Co., Inc. (ADM), and the bankrupt, Commodity Merchants, Inc. (CMI), were active participants in the business of trading commodities futures. This case involves ADM’s claim against the bankruptcy estate of CMI and a counterclaim by its trustee against ADM arising from the cancellation of various commodities contracts between the parties. Prior to CMI’s bankruptcy, ADM and CMI engaged in commodities transactions with each other, resulting in CMI’s building an account balance with ADM of $45,352.80.
In early December 1972, it…
2Cases cited9 opinions
- Pittsburgh-Des Moines Steel Co., Plaintiff-Counter-Defendant-Appellant v. Brookhaven Manor Water Co., Defendant-Counter-Plaintiff-AppelleeCourt of Appeals for the Seventh Circuit · 1976
- R. Anthony Dubay v. Everette H. Williams, Everette H. Williams v. Rose City Development Co., Inc., Robert J. Davis v. Everette H. WilliamsCourt of Appeals for the Ninth Circuit · 1969
- W. P. Iverson & Co. v. Dunham Manufacturing Co.Appellate Court of Illinois · 1958
- In Re Portland Newspaper Publishing Co.District Court, D. Oregon · 1967
- James B. Berry's Sons Co. of Illinois v. Monark Gasoline & Oil Co.Court of Appeals for the Eighth Circuit · 1929
4 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- 20 Collier bankr.cas.2d 19, Bankr. L. Rep. P 72,385, 7 Ucc rep.serv.2d 656 in Re Bellanca Aircraft Corporation, Debtor (Three Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas Corporation, (Two Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas CorporationCourt of Appeals for the Eighth Circuit · 1988
- In Re Lawrence N. Jolly, Debtor. Chattanooga Memorial Park v. C. Kenneth Still, Chapter Xiii TrusteeCourt of Appeals for the Sixth Circuit · 1978
- Triangle Laboratories, Inc. v. HalvajianCourt of Appeals for the Third Circuit · 1981
- Bergquist v. Anderson-Greenwood Aviation Corp. (In Re Bellanca Aircraft Corp.)United States Bankruptcy Court, D. Minnesota · 1985
- Omni International, Ltd. v. Mimi's of Atlanta, Inc. (In Re Mimi's of Atlanta, Inc.)United States Bankruptcy Court, N.D. Georgia · 1980
32 more not listed; retrieve them via the Exa API.