Bank One Milwaukee v. Williams Bay Trading Co.

BVLaw
Full Text of Court Cases
October 31, 2000
2321 Men's and Boys' Shirts, Except Work Shirts
315210 Cut and Sew Apparel Contractors
contract
breach of contract, debt

Bank One Milwaukee v. Williams Bay Trading Co.
2000 WI App. 256, 239 Wis. 2d 593, 620 N.W.2d 482, 2000 Wisc. App. LEXIS 1059
US
State Court
Wisconsin
Court of Appeals
Robert Vrakas (for Bank One)<br>Dan Gotter (for Williams Bay)
Per curiam

Summary

Bank One Milwaukee appealed the judgment of the Circuit Court for Milwaukee County to award damages and costs to Williams Bay Trading Co. on breach of contract and bad-faith claims.
Bank One Milwaukee v. Williams Bay Trading Co.
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See Also

Debt to Owner Excluded If Selling Business

Bank One Milwaukee appealed the judgment of the Circuit Court for Milwaukee County to award damages and costs to Williams Bay Trading Co. on breach of contract and bad-faith claims.

Owner's Debt Not Included in Net Asset Value

Plaintiff, Bank One Milwaukee, appealed the judgment of the Circuit Court for Milwaukee County to award defendants, the clothing import company of Williams Bay Trading and owner, damages, and costs on breach of contract and bad-faith claims that arose out of an action to seize assets.

Liquidated Business Valued as Going Concern

The Wisconsin Court of Appeals concluded that the shareholder loans should be removed when determining the value of stock in a closely held corporation where one person owns all the stock.