Legal Opinion
Chicago Pacific Corporation v. The Canada Life Assurance Company
Court of Appeals for the Seventh Circuit
Decided June 29, 1988No. 87-3101PublishedCited by 9 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
The Chicago, Rock Island & Pacific R.R. got out of the railroad business in 1980, after a bankruptcy court ordered it to do so and special legislation eased the way. Its extensive holdings enabled it to pay its debts in full, including debts to its pensioners. The Rock Island Line had operated its own pension plan, but its successor — Chicago Pacific Corp., principally a real estate company — had no desire to run a pension plan for the railroad’s former employees. One of the last acts of the Rock Island’s trustee in bankruptcy was to buy a single-premium annuity…
2Cases cited7 opinions
- In the Matter of Chicago, Rock Island and Pacific Railroad Company, Debtor. Appeal of Sanborn Cooperative Grain Company, Chicago Pacific CorporationCourt of Appeals for the Seventh Circuit · 1986
- Comprehensive Accounting Corporation v. Glenn L. Rudell and Jean C. RudellCourt of Appeals for the Seventh Circuit · 1985
- Local 165, International Brotherhood of Electrical Workers v. BradleyAppellate Court of Illinois · 1986
- Great American Federal Savings & Loan Ass'n v. GrivasAppellate Court of Illinois · 1985
- Provident Federal Savings & Loan Ass'n v. Realty Centre, Ltd.Illinois Supreme Court · 1983
2 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Rich Hill and Enza Hill, on Behalf of a Class of Persons Similarly Situated v. Gateway 2000, Inc., and David PraisCourt of Appeals for the Seventh Circuit · 1997
- Walter P. Maksym, Jr. v. Dolores LoeschCourt of Appeals for the Seventh Circuit · 1991
- Gdalina Novitsky v. American Consulting Engineers, L.L.C.Court of Appeals for the Seventh Circuit · 1999
- Maytag Corporation, Applicant-Appellee v. Navistar International Transportation Corp.Court of Appeals for the Seventh Circuit · 2000
- Kenneth P. Bidlack v. Wheelabrator CorporationCourt of Appeals for the Seventh Circuit · 1993
4 more not listed; retrieve them via the Exa API.