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TELEMARK DEVELOPMENT GROUP, INC. v. MENGELT

No. 00 C 3626.

181 F.Supp.2d 888 (2001)

TELEMARK DEVELOPMENT GROUP, INC., Plaintiff, v. John P. MENGELT, Defendant.

United States District Court, N.D. Illinois, Eastern Division.

May 4, 2001.

Attorney(s) appearing for the Case

Robert K. Bain, Law Offices of Robert K. Bain, Chicago, IL, for Plaintiff.

Eric D. Rein, Martin W. Salzman, Schwartz, Cooper, Greenberger & Krauss, Chicago, IL, for Defendant.

MEMORANDUM OPINION AND ORDER

SHADUR, Senior District Judge.

Telemark Development Group, Inc. ("Telemark") has sued John Mengelt ("Mengelt") for breach of contract on a $55,000 promissory note, alleging that Mengelt refused to accept payment on the note and refused to return stock given as collateral security. Mengelt has counter-sued, seeking as damages the principal balance and accrued interest owed on the note. Both sides have now moved for summary...

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