The Ltv Corporation v. Gulf States Steel, Inc. Of Alabama

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that “[pjroofs of claim are not intended to be elaborately detailed documents”
• reversing order under Fed. R. Civ. P. 67 that had effect of reducing contractual interest rate following default
• \The district court abused its discretion when it effectively altered the terms of the contract by substituting the market rate of interest available in the [Clerk's] escrow account for the rate to which the parties had agreed in the Note.\
• “We have found very few cases construing Rule 67.” (citing 12 CHARLES A. WRIGHT & ARTHUR R. MILLER, FEDERAL PRACTICE AND PROCEDURE § 2991 (1973), as agreeing with the prediction that there would not be “very many occasions for the application of this rule”

Source: CourtListener parenthetical corpus (CC0).