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STEINBERG v. ESPOSITO

Bankruptcy Nos. 87 C 6934, 81 A 4018 and 82 A 3891.

81 B.R. 449 (1987)

Jay A. STEINBERG, Trustee in Bankruptcy for Pioneer Development Corp., Plaintiff-Appellee, v. Michael R. ESPOSITO, Defendant-Appellant.

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

December 14, 1987.

Attorney(s) appearing for the Case

John H. Anderson, Jerome F. Buch, Seyfarth, Shaw, Fairweather & Geraldson, Chicago, Ill., for First Nat. Bank of Blue Island.

Michael Lee Tinaglia, Laser, Schostok, Kolman & Frank, Chicago, Ill., for defendant-appellee.

MEMORANDUM AND ORDER

MORAN, District Judge.

Defendant-appellant Michael R. Esposito has appealed from an order of Bankruptcy Judge John D. Schwartz, entered April 29, 1987, which imposed a $200,000 sanction, termed "punitive damages," payable by Esposito to the estate. The merits of that appeal are not yet before this court. The far more narrow question is whether this court should stay execution upon that $200,000 judgment, pending the appeal, without requiring...

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