From our private database of 34,000+ case briefs...
Helms v. Certified Packaging Corp.
United States Court of Appeals for the Seventh Circuit
551 F.3d 675 (2008)
Sarah Michaels, Inc. (Michaels) filed for bankruptcy. The bankruptcy trustee, Brenda P. Helms (plaintiff), sued Certified Packaging Corporation (Certified) (defendant) to recover payments Michaels made to Certified. Helms was granted a default judgment for $2 million. LaSalle Bank (LaSalle) was the assignee of a loan made to Certified, though LaSalle later assigned its interest to CPC Acquisition. LaSalle had a security interest in Certified’s equipment. After Certified took the loan, it suffered a fire that resulted in property damage and business losses. Certified sued Rothschild, its insurance broker, for negligently failing to include the property in its business-loss insurance policy. Rothschild settled for $88,000. Certified also sued Commonwealth Edison (Com Ed), alleging that its negligence had caused the fire. The lawsuit is ongoing, but Certified is seeking $2,000,000 in damages, of which roughly ten percent relates to property loss and the rest to business losses. When Helms attempted to collect on her default judgment, LaSalle asserted its security interest in all of Certified’s assets. Both Helms and LaSalle claim the proceeds of both of Certified’s lawsuits. The bankruptcy court awarded the Rothschild settlement to Helms, but the district court reversed. The bankruptcy court also awarded the business-loss portion of the Com Ed claim to Helms, which was affirmed by the district court. Helms and LaSalle filed cross-appeals to the United States Court of Appeals for the Seventh Circuit.
Rule of Law
Holding and Reasoning (Posner, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 607,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 607,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 34,000 briefs, keyed to 984 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.