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PPM FINANCE, INC. v. NORANDAL USA, INC.

No. 04-1401.

392 F.3d 889 (2004)

PPM FINANCE, INCORPORATED, in its capacity as agent for Jackson National Life Insurance Company, Plaintiff-Counter-Defendant-Appellee, v. NORANDAL USA, INCORPORATED, Defendant-Counter-Plaintiff-Appellant, v. PPM America Special Investments CBO II, L.P. and PPM America Special Investments Fund, L.P., Counter-Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

DECIDED December 16, 2004.

Attorney(s) appearing for the Case

Forrest B. Lammiman (argued), Lord Bissell & Brook, Chicago, IL, for Plaintiff-Appellee.

Dennis E. Quaid (argued), Fagel & Haber, Forrest B. Lammiman, Lord Bissell & Brook, Chicago, IL, for Defendants-Appellees.

Before EVANS, WILLIAMS, and SYKES, Circuit Judges.

TERENCE T. EVANS, Circuit Judge.

In this commercial dispute, one creditor, Jackson National Life Insurance Company, sued another, Norandal USA, Incorporated, demanding that Norandal fork over a substantial sum of money it obtained from a common debtor, who we will simply call Scottsboro. The district court agreed with Jackson and granted its motion for summary judgment to the tune of $4.4 million, including prejudgment interest. Aggrieved by this decision, Norandal...

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