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IN RE PROTEVA, INC.

Bankruptcy Nos. 99 B 26880, 99 B 26884. Adversary No. 01 A 00022.

271 B.R. 569 (2001)

In re PROTEVA, INC. and Proteva Marketing Group, Inc., Debtors. Liquidating Grantor's Trust of Proteva Inc. and Proteva Marketing Group, Inc., Plaintiff, v. Finova Capital Corporation, William Lynch, Brian Jordan, and John Roberts, Defendants.

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

November 29, 2001.

Attorney(s) appearing for the Case

Francis F. Gecker, Joseph D. Frank & Micah R. Krohn, Chicago, IL, for Plaintiff.

Bruce N. Menkes, Catherine A. Van Horn & J. David Duffy of Mandell, Menkes & Surdyk, LLC, Chicago, IL, J. Douglas Bacon, Adedapo A. Adedeji of Latham & Watkins, Chicago, IL, for Defendant.

Ira Bodenstein, Chicago, IL, United States Trustee.

MEMORANDUM OPINION

SUSAN PIERSON SONDERBY, Chief Judge.

This cause comes to be heard on the motion of Liquidating Grantor's Trust of Proteva, Inc. and Proteva Marketing Group, Inc. for sanctions. For the reasons stated herein, the motion is denied.

FACTS

On January 3, 2001, Liquidating Grantor's Trust of Proteva, Inc. (the "Trust") filed a seven-count complaint (the "Complaint") against Finova Capital Corporation ("Finova...

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