CENTURION REINSURANCE CO., LTD. v. SINGER

No. 86-1979.

810 F.2d 140 (1987)

CENTURION REINSURANCE COMPANY, LIMITED, Plaintiff-Counterdefendant-Appellee, v. Howard S. SINGER and L. Steven Medgyesy, Defendants-Counterplaintiffs-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided January 23, 1987.


Attorney(s) appearing for the Case

Arthur Don, D'Ancona & Pflaum, Chicago, Ill., for defendants-counterplaintiffs-appellants.

Patrick J. Phillips, Jenner & Block, Chicago, Ill., for plaintiff-counterdefendant-appellee.

Before BAUER, Chief Judge, and WOOD and POSNER, Circuit Judges.


POSNER, Circuit Judge.

This appeal from an order dissolving a preliminary injunction requires us to untangle a confused procedural skein in order to determine the proper equity procedure to follow in an unusual factual and procedural setting — which we shall ruthlessly simplify to make this opinion intelligible.

Centurion Reinsurance Company was formed in 1979 as a Cayman Islands corporation to engage in the reinsurance business. It had and has two...

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