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HARRIS TRUST AND SAV. BANK v. KLEIN

Nos. 88 C 4811, 88 C 4812.

101 B.R. 517 (1989)

HARRIS TRUST AND SAVINGS BANK, Plaintiff, v. Wayne J. KLEIN, Klein Corporation, Ilene F. Goldstein, Trustee of the Estate of Wayne J. Klein, and United States Fidelity and Guaranty Company, Defendants.

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

May 12, 1989.

MEMORANDUM OPINION

BRIAN BARNETT DUFF, District Judge.

On February 27, 1989, this court reversed a ruling of the bankruptcy court granting summary judgment to Harris Bank. The bankruptcy court had ruled that Harris Bank could retain possession of certain collateral pledged by Klein pursuant to a security agreement and subsequent promissory notes because cross-collateralization provisions in the notes unambiguously secured previous debts of Klein to the bank...

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