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IN RE GTI CAPITAL HOLDINGS, LLC

Bankruptcy Nos. 03-07923-SSC, 03-07924-SSC, Adversary No. 03-583.

373 B.R. 671 (2007)

In re GTI CAPITAL HOLDINGS, LLC, an Arizona limited liability company dba Rockland Materials, Debtor. In re David M. Reaves, as the Chapter 7 Trustee of GTI Capital Holdings, LLC, an Arizona limited liability company dba Rockland Materials, Plaintiff, v. Comerica Bank-California, Defendant.

United States Bankruptcy Court, D. Arizona.

August 2, 2007.

Attorney(s) appearing for the Case

Michael W. Carmel, Michael W. Carmel, Ltd., Phoenix, AZ, Debtor.

Alan R. Costello, Costello Law Firm, Phoenix, AZ, for Plaintiff.

John R. Clemency, Greenberg Traurig LLP, Phoenix, AZ, Joseph J. Hamilton, Lashawn D. Jenkins, Quarles & Brady Streich Lang LLP, Phoenix, AZ, for Defendant.

MEMORANDUM DECISION

SARAH SHARER CURLEY, Bankruptcy Judge.

I. Introduction

This matter came before the Court on Defendant Comerica's Motion for Summary Judgment,1 filed March 6, 2007. The Plaintiff, Chapter 7 Trustee David M. Reaves, filed his Response and Cross — Motion for Summary Judgment2 on May 14, 2007, and Comerica filed its Reply and Response to Trustee's Cross-Motion...

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