United States Seventh Circuit

In a bankruptcy action involving the repayment and calculation of a secured loan for improvements to an airline terminal, district court judgment is reversed where: 1) the court did not properly calculate the annual rental rate for airport terminal space and the the appropriate discount rate; and 2) the calculation for the rental rate was too low and the discount rate too high.

Appellate Information

• Argued 04/16/2009
• Decided 05/05/2009
• Published 05/05/2009

Judges

• EASTERBROOK, Chief Judge., Before EASTERBROOK, Chief Judge, and BAUER and MANION, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• David A. Golin (argued), Arnstein & Lehr LLP, Chicago, IL, for Appellant., Harold L. Kaplan, Foley & Lardner, LLP, Chicago, IL, for Trustee., Micah E. Marcus Kirkland & Ellis LLP, Chicago, IL, for Debtor.


• For Appellees:
  
• Mark F. Hebbeln, Foley & Lardner, LLP, Chicago, IL, Amy D. Caton, Kramer, Jeffrey S. Trachtman (argued), Levin, Naftalis & Frankel, LLP, New York, NY, for Defendants-Appellants, Cross-Appellees., Alexander L. Karan (argued), Kirkland & Ellis LLP, Chicago, IL, for Plaintiff-Appellee, Cross-Appellant.