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CHATZ v. NATIONAL UNION FIRE INS. CO.

No. 06 C 6140.

372 B.R. 368 (2007)

Barry A. CHATZ, Chapter 7 Trustee of the Estate of Nanovation Technologies, Inc., et al., Appellants, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA, et al., Appellees.

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

April 12, 2007.

Attorney(s) appearing for the Case

Allen Jay Guon, Shaw, Gussis, Fishman, Glantz, Wolfson & Towbin LLC, Dawn Carol Wrona, Eugene Joseph Kelley, Jr., Frederick Forrest Richards, III, Jason Brett Hirsh, Joy E. Levy, Miriam R. Stein, Thomas P. Yardley, Arnstein & Lehr, Chicago, IL, for Appellants.

Diane M. Baron, Mary F. Stafford, Clausen Miller P.C., Chicago, IL, for Appellees.

MEMORANDUM OPINION

SAMUEL DER-YEGHIAYAN, District Judge.

This matter is before the court on an appeal from a bankruptcy court ruling on July 27, 2006. For the reasons stated below, we affirm in part and reverse in part and remand the instant action.

BACKGROUND

The basic underlying facts in this matter are undisputed by the parties. Nanovation Technologies, Inc. and its related corporation...

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