Havoco of America, Ltd., a Delaware Corporation, Cross-Appellee v. Sumitomo Corporation of America, and Elmer C. Hill, Cross-Appellee

U.S. Court of Appeals, Seventh Circuit · Decided 1992-09-09

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MANION, Circuit Judge. The dispute in this diversity suit (governed, the parties agree, by Illinois law) centers around a long-term coal supply contract which plaintiff Havoco of América, Ltd. (“Havoco”) entered into with the Tennessee Valley Authority (“TVA”) in 1975. Havoco agreed to supply the TVA with 2.4 million tons of coal per year for 10 years at $23.85 per ton — a total…

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