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Heller Finan Inc v. Prudential Insur Co, 03-3871 (2004)

Court: Court of Appeals for the Seventh Circuit Number: 03-3871 Visitors: 7
Judges: Per Curiam
Filed: Jul. 09, 2004
Latest Update: Mar. 02, 2020
Summary:  anitm gitates Qtuurt of gppwls For the Seventh Circuit Chicago, Illinois 60604 July 9, 2004 Before Hon. William J. Bauer, Circuit Judge Hon. Richard A. Posner, Circuit Judge Hon. Frank H. Easterbrook, Circuit Judge NO. 03-3871 HELLER FINANCIAL, INCORPORATED, Appeal from the United States District Plaintiff-Appellee, Court for the Northern District of Illinois, Eastern Division. V. No. 03 C 2017 PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey Corporation, Harry D. Leinenweber, Judge. Defen
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fianitm gitates Qtuurt of gppwls For the Seventh Circuit Chicago, Illinois 60604 July 9, 2004 Before Hon. William J. Bauer, Circuit Judge Hon. Richard A. Posner, Circuit Judge Hon. Frank H. Easterbrook, Circuit Judge NO. 03-3871 HELLER FINANCIAL, INCORPORATED, Appeal from the United States District Plaintiff-Appellee, Court for the Northern District of Illinois, Eastern Division. V. No. 03 C 2017 PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey Corporation, Harry D. Leinenweber, Judge. Defendant-Appellant, V. KEY CORPORATE CAPITAL, INCORPORATED, Defendant-Appellee. ORDER The Opinion in this case issued on June 14, 2004, is amended by adding the following paragraph on page 7 of the slip Opinion, just before the last paragraph beginning "Heller and Key, we conclude...": Ordinarily when a district court erroneously resolves a contract dispute 0n the basis that the terms of the contract are too clear to permit the consideration of extrinsic evidence, the sequel is a trial or summary judgment proceeding at which such evidence is presented. In this case, however, the parties have explicitly waived the presentation of such evidence, and so there is no occasion for a remand. We add that the negotiating history is irrelevant. Heller did not negotiate terms with Prudential or Key. They were negotiated with American Paper Group, the borrower. Prudential and Key then purchased fractional shares of the existing loans. Unless Heller proposes to say that it shared with Prudential and Key the negotiating history between Heller and the borrower, that history can’t be material; Prudential and Key are not affected by events of which they were unaware.
Source:  CourtListener

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