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IN RE EXCELLO PRESS, INC.

Bankruptcy No. 85 B 13649, Adv. No. 87 A 907.

104 B.R. 924 (1989)

In re EXCELLO PRESS, INC., Debtor. EXCELLO PRESS, INC., Plaintiff, v. BOWERS, INC., et al., Defendants.

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

August 25, 1989.

Attorney(s) appearing for the Case

Daniel A. Zazove, Towbin & Zazove, Ltd., Chicago, Ill., for plaintiff.

David Schachman, Greenbaum, Browne, Cain & Dolin, Ltd., Chicago, Ill., for defendant, Associated Agencies, Inc., f/k/a Robert M. Schrayer Co.

MEMORANDUM AND ORDER

THOMAS JAMES, Bankruptcy Judge.

Associated Agencies, Inc., f/k/a Robert M. Schrayer Co., defendant in Count VII of this adversary proceeding, seeks sanctions under Bankruptcy Rule 9011 against Excello Press, Inc., plaintiff, and its counsel, the firm of Towbin & Zazove, Ltd., for their failure to conduct a reasonable inquiry to assure that the proceeding against Associated was well grounded in fact and warranted by existing law....

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