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IN RE SCHROUD

Bankruptcy No. 74 B 4754.

1 B.R. 583 (1979)

In re Donald F. SCHROUD, Bankrupt. Allan COHEN, Trustee, Plaintiff, v. LAKE VIEW TRUST AND SAVINGS BANK, Defendant.

United States Bankruptcy Court, N.D. Illinois, E.D.

December 7, 1979.

Attorney(s) appearing for the Case

Sanford J. Green, Chicago, Ill., for bankrupt Donald F. Schroud.

Barry J. Freeman, Freeman, Atkins & Coleman Ltd., Chicago, Ill., for trustee Allan R. Cohen.

Victor L. Lewis, Marian C. Haney, Philip J. Collora, Vedder, Price, Kaufman & Kammholz, Chicago, Ill., Peter B. Harrison, O'Toole, Westrick & Harrison, Chicago, Ill., for defendant Lake View Trust and Savings Bank.

MEMORANDUM OPINION AND ORDER

FREDERICK J. HERTZ, Bankruptcy Judge.

The plaintiff, trustee of the estate of the bankrupt, Donald Schroud, filed his adversary proceeding under the Bankruptcy Act of 1898, as amended, to recover losses sustained by the bankrupt arising from certain stock transactions. Defendant, Lake View Bank, loaned Schroud the funds used in these transactions, allegedly in violation of Federal Reserve Regulation U. (12 C.F.R. § 221 ...

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