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IN RE OUTBOARD MARINE CORP.

Bankruptcy No. 00 B 37405, Adversary No. 02 A 01146.

369 B.R. 353 (2007)

In re OUTBOARD MARINE CORPORATION, et al., Debtors. Alex D. Moglia, not personally but as Chapter 7 Trustee for Outboard Marine Corporation and its Related Debtor Entities, Plaintiff, v. King Marine, Inc., Defendant.

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

April 9, 2007.

Attorney(s) appearing for the Case

Janice A. Alwin, Patrick A. Clisham, Steven B. Towbin, Shaw, Gussis, Fishman, Glantz, Wolfson & Towbin LLC, Chicago, IL, for Plaintiff.

Devon J. Eggert, Querrey & Harrold, Chicago, IL, Robert R. Benjamin, Querrey & Harrow, Ltd., Chicago, IL, for Defendant.

MEMORANDUM OPINION

JOHN H. SQUIRES, Bankruptcy Judge.

This matter comes before the Court on the motion of King Marine, Inc. ("King Marine") pursuant to Federal Rules of Civil Procedure 55(c) and 60(b) to vacate a default judgment entered against King Marine and in favor of Alex D. Moglia (the "Trustee"), as Chapter 7 trustee for the bankruptcy estate of Outboard Marine Corporation and its related debtor entities (the "Debtors"). For the reasons set...

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