IN RE PRO-PAC, INC.

Bankruptcy No. 06-26608-svk. Adversary No. 07-2110.

456 B.R. 894 (2011)

In re PRO-PAC, INC., Debtor. Pro-Pac, Inc., et al., Plaintiffs, v. George Chapes, III, et al., Defendants.

United States Bankruptcy Court, E.D. Wisconsin.

September 27, 2011.


Attorney(s) appearing for the Case

Evan Schmit , Jerome R. Kerkman , Joseph R. Cincotta , Kerkman & Dunn, Milwaukee, WI, for Plaintiffs.

William P. Dineen , Crivello Carlson, S.C., Brett B. Larsen , David J. Hanus , Kristofor L. Hanson , Noah D. Fiedler , Hinshaw & Culbertson, LLP, Milwaukee, WI, for Defendants.


MEMORANDUM DECISION

SUSAN V. KELLEY, Bankruptcy Judge.

Introduction

This is a case where a sweet deal went sour for one of the parties. David and Linda Sarna wanted to expand and diversify their packaging business, Pro-Pac, Inc., and decided that warehousing and transportation were compatible business lines. The Sarnas turned to a family friend, George Chapes, a well-connected veteran of the industry with a stable of valuable contacts. Chapes signed...

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