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IN RE OUTBOARD MARINE CORP.

Nos. 02 C 110, 02C713.

278 B.R. 778 (2002)

In re OUTBOARD MARINE CORPORATION, et al., Debtors. Bank Of America, N.A. Appellant, Certain Beneficiaries Of The Outboard Marine Corporation Rabbi Trust Appellant, v. Alex D. Moglia, not individually, but as chapter 7 trustee for Outboard Marine Corporation and its Related Debtor Entities, Appellee.

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

May 10, 2002.

Attorney(s) appearing for the Case

Alan Charles Geolot, James F. Bendernagel, Jr., Sidley, Austin, Brown & Wood, Washington, DC, Larry J. Nyhan, Matthew A. Clemente, Sidley, Austin, Brown & Wood, Chicago, IL, for appellant.

Kevin Y. Pak, Robert V. Shannon, Bell, Boyd & Lloyd, Chicago, IL, for debtors.

MEMORANDUM OPINION AND ORDER

ASPEN, Chief Judge.

This case is before us on appeal from a final judgment of the United States Bankruptcy Court for the Northern District of Illinois. The issue is disputed ownership of $13.5 million held in trust by The Northern Trust Company for the benefit of certain executives of the Outboard Marine Corporation ("OMC"). Alex D. Moglia, trustee for OMC's bankruptcy estate, seeks to establish OMC's estate's rights to...

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