Legal Opinion

Tranzact Technologies, Inc. v. 1source Worldsite and John Wang

Court of Appeals for the Seventh Circuit

Decided May 4, 2005No. 04-1418PublishedCited by 46 opinions

1Opinion of the Court

KANNE, Circuit Judge.

The close business relationship between Tranzact Technologies, Inc. (“Tranzact”), and ISource Worldsite (“ISource”) soured when ISource failed to repay its debts. The two companies became involved in a lawsuit that ended with a stipulation and agreed judgment order. When ISource’s chairman, John Wang, did not comply with the order, Tranzact moved to hold Wang in contempt of court. The district court dismissed the motion as moot, and Tranzact appealed. For the reasons stated herein, we reverse.

I. History

Tranzact is an Illinois corporation in the logistics business. Its…

2Cases cited10 opinions

Commodity Futures Trading Commission v. Premex, Inc., and Samuel ZackCourt of Appeals for the Seventh Circuit · 1981
D. Patrick, Inc., an Indiana Corporation v. Ford Motor Company, a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1993
United States v. Milton M. Dowell, Appeal Of: Donald v. MoranoCourt of Appeals for the Seventh Circuit · 2001
Laurie Connolly D/B/A Brindar Designs v. J.T. Ventures and John LangeCourt of Appeals for the Seventh Circuit · 1988
Fed. Sec. L. Rep. P 93,513 Securities and Exchange Commission, and R.D. McCullough Ii, Intervening v. Richard W. SuterCourt of Appeals for the Seventh Circuit · 1987

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3Cited by46 opinions

Pearle Vision, Inc. v. RommCourt of Appeals for the Seventh Circuit · 2008
Autotech Technologies LP v. Integral Research & Development Corp.Court of Appeals for the Seventh Circuit · 2007
Federal Trade Commission v. TrudeauCourt of Appeals for the Seventh Circuit · 2009
Latino Officers Ass'n City of New York, Inc. v. City of New YorkCourt of Appeals for the Second Circuit · 2009
In Re AndreasUnited States Bankruptcy Court, N.D. Illinois · 2007

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