Court of Appeals for the Eighth Circuit November 21, 1996, No.95-3328 (COMPREHENSIVE CARE CORPORATION, Appellee, v. REHABCARE CORPORATION, Appellant)

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United States · · · 21-11-1996

ROSENBAUM, District Judge.

Comprehensive Care Corporation (“Comp-Care”) was the parent of its wholly-owned subsidiary, RehabCare Corporation (“Rehab-Care”) until mid-1991. Subsequent to this time, however, CompCare required additional funding. To secure these funds, Comp-Care contractually allowed RehabCare to purchase a number of RehabCare shares.

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