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IN RE GGSI LIQUIDATION, INC.

No. 02 C 2056.

280 B.R. 425 (2002)

In re GGSI LIQUIDATION, INC., et al., Debtors. Corporate Assets, Inc., Appellant, v. Gus A. Paloian, Chapter 7 Trustee of GGSI Liquidation, Inc. and Goss Holdings, Inc., Appellee.

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

July 11, 2002.

Attorney(s) appearing for the Case

Peter John Roberts, D'Ancona & Pflaum, Chicago, IL, for appellant.

Mark Alan McDermott, Skadden, Arps, Slate, Meagher & Flom, Chicago, IL, for appellee.

David S. Kurtz, Skadden, Arps, Slate, Meagher & Flom, Chicago, IL, for debtors.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Corporate Assets, Inc. ("CAI") was a bidder at an auction sale in the Chapter 11 bankruptcy case of Goss Holdings, Inc. and Goss Graphic Systems, Inc. ("Debtors"). It submitted the highest bid at an auction, but Judge Carol A. Doyle of the bankruptcy court allowed the Debtors to re-open the bidding when a higher bid came in. CAI was the highest bidder at...

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