1. Home
  2. Browse Decisions
  3. F.3d
  4. 582 F.3d
  5. 582 F.3d 721 (2009)
 

HOOSIER ENERGY RURAL ELEC. v. JOHN HANCOCK LIFE INS.

Nos. 08-4030, 08-4248.

582 F.3d 721 (2009)

HOOSIER ENERGY RURAL ELECTRIC COOPERATIVE, INC., Plaintiff-Appellee, v. JOHN HANCOCK LIFE INSURANCE COMPANY; OP Merom Generation I, LLC; and Merom Generation I, LLC, Defendants-Appellants. Ambac Assurance Corporation; Cobank, ACB; AE Global Investments, LLC; and Ambac Credit Products, LLC, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided September 17, 2009.

Attorney(s) appearing for the Case

Erin L. Connell, Riley, Bennett & Egloff, Indianapolis, IN, Reed S. Oslan, Attorney, Kirkland & Ellis LLP, Chicago, IL, Christopher Landau (argued), Attorney, Kirkland & Ellis LLP, Washington, DC, for Plaintiff-Appellee.

Kathleen Hart, George T. Patton, Jr., Attorney, Bose McKinney & Evans, LLP, Indianapolis, IN, Richard Willard (argued), Attorney, Steptoe & Johnson, Washington, DC, for Defendants-Appellants.

Jonathan M. Hoff (argued), Cadwalader, Wickersham & Taft, New York, NY, John R. Schaibley, III, Attorney, Baker & Daniels, Indianapolis, IN, David R. Day, Attorney, Church, Church, Hittle & Antrim, Fishers, IN, for Defendants-Appellees.

Before EASTERBROOK, Chief Judge, and KANNE and WOOD, Circuit Judges.

EASTERBROOK, Chief Judge.

Hoosier Energy, a co-op, had depreciation deductions that it could not use. John Hancock Life Insurance Co. had income exceeding its available deductions. The two engaged in a transaction designed to move Hoosier Energy's deductions to John Hancock. They entered into a leveraged lease: John Hancock paid Hoosier Energy $300 million for a 63-year lease of an undivided 2/3 interest in Hoosier Energy's Merom generation plant. Hoosier Energy agreed...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases