Posner, Money
Buyout where debtor had contrary contractual obligations amounted to tortious interference, and various other things, as the company was on notice of the contract obligations.
As forgiveness of other obligations that substantially reduced the buyout price was established to be proceeds of the transaction by expert accounting testimony, no error in the jury's counting it as such, despite the fact that it could not have been used to fulfill the contrary contractual obligation.
Unjust enrichment, conspiracy claims justified, given that there was unjust enrichment & conspiracy.
Under state law, refinancing a loan and assignment of the loan are identical with respect to a contract referencing the loan.
Award should have been reduced by funds awarded in bankruptcy.
Unjust enrichment award against individual upheld, given ownership of company that was enriched. Punitive damages inappropriate.
Semir Sirazi v. General Mediterranean Holding
