Legal Opinion
Libco Corp. v. Leigh (In Re Reliable Manufacturing Corp.)
District Court, N.D. Illinois
Decided November 18, 1981No. 81 C 828PublishedCited by 8 opinions
1Opinion of the Court
MEMORANDUM ORDER
MARSHALL, District Judge.
On April 5,1977, Libco Corporation (“Lib-co”) acquired all of the shares of the capital stock of the bankrupt, Reliable Manufacturing Corporation (“Reliable”), from Charles Leigh and Ervin Dusek (“Leigh” and “Du-sek”). The sales contract required Libco to pay Leigh and Dusek $1,750,000 for the stock. The money was to be paid in four installments. The last two payments, to-talling $940,000, were to be made on January 31, 1979, and January 31, 1980. These payments were guaranteed by the bankrupt, Reliable. The guarantee was dated April 5, 1977, and was…
2Cases cited41 opinions
- Singleton v. WulffSupreme Court of the United States · 1976
- Vendo Co. v. Lektro-Vend Corp.Supreme Court of the United States · 1977
- Sherwin S. Stern v. United States Gypsum, Inc.Court of Appeals for the Seventh Circuit · 1977
- Youakim v. MillerSupreme Court of the United States · 1976
- The National Shawmut Bank of Boston v. New Amsterdam Casualty Co., Inc.Court of Appeals for the First Circuit · 1969
36 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- 26 Collier bankr.cas.2d 663, Bankr. L. Rep. P 74,447 in Re Allegheny International, Inc. J. Daniel SnyderCourt of Appeals for the Third Circuit · 1992
- In Re Reliable Manufacturing Corporation, Debtor. Libco Corporation v. Charles W. Leigh and Ervin F. DusekCourt of Appeals for the Seventh Circuit · 1983
- In Re RuleUnited States Bankruptcy Court, D. Vermont · 1983
- In Re ChaseUnited States Bankruptcy Court, D. Vermont · 1983
- In Re HutchinsUnited States Bankruptcy Court, D. Vermont · 2009
3 more not listed; retrieve them via the Exa API.