¶1Petition for writ of certiorari to the United States Court of Appeals for the Second Circuit.
¶2Denied.
108 S. Ct. 701
Decided January 11, 1988
Key passage — most relied on by later courts
“(e) Covenants: The Buyer [IPC] covenants and agrees with the Seller [KCPL] that the Buyer will take possession and control of the Iowa Properties at 5:00 p.m., Central Standard Time, on the Closing Date and that from and after such time the Buyer will assume and will indemnify the Seller against all liabilities and obligations of every kind and character whatsoever arising subsequent to the closing date as pertain to the business and operations of the Iowa Properties, including obligations and liabilities arising subsequent to the Closing Date on account of contracts and other commitments made by the Seller in the ordinary course of business prior to the Closing Date, except any liability arising out of certain litigation now pending in the United States Court of Appeals for the Eighth Circuit, entitled First Iowa Hydro Electric Cooperative, et al., v. Iowa-Illinois Gas and Electric Company, et al., Civil Nos. 15548 and 15549.”
quoted by 1 later decision, including Interstate Power Co. v. Kansas City Power & Light Co.
Cited together with United Families of America v. Kendrick · Anderson v. Liberty Lobby, Inc. · Celotex Corporation v. Catrett H
Good law ✅— No negative treatment on recordhow we know
Decided 1988-01-11
Cited by 1,656 later decisions (6 by the Supreme Court) — most recently September 2017 · most notably Penson v. Ohio (1988), Lujan v. National Wildlife Federation (1990)
645 federal appellate · 184 district · 344 state decisions — followed in 35 states
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.