Joseph D. Olsen, Trustee of Huntley Ready Mix, Inc. v. Gary A. Floit

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July 14, 2000
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Joseph D. Olsen, Trustee of Huntley Ready Mix, Inc. v. Gary A. Floit
No. 00-1107 (7th Cir. 2000)
US
Federal Court
7th Circuit
United States Court of Appeals
Easterbrok

Summary

The U.S. Court of Appeals for the 7th Circuit considered whether the sale of a company by its 100% shareholder was fair to the company. The company was sold at its asset value plus an amount for a noncompete agreement with the shareholder.
Joseph D. Olsen, Trustee of Huntley Ready Mix, Inc. v. Gary A. Floit
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See Also

Value of Noncompete Agreement Considered in Bankruptcy Case

The U.S. Court of Appeals for the 7th Circuit considered whether the sale of a company by its 100% shareholder was fair to the company. The company was sold at its asset value plus an amount for a noncompete agreement with the shareholder.

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