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IN RE 400 WALNUT ASSOCIATES, L.P.

Bankruptcy No. 10-16094. Adversary No. 10-456 (SR).

475 B.R. 217 (2012)

In re 400 WALNUT ASSOCIATES, L.P., Debtor. 400 Walnut Associates, L.P., Plaintiff v. 4th Walnut Associates, L.P., Ivy Realty LLI, LLC., and Ivy Realty Services, LLC., Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

July 11, 2012.

Attorney(s) appearing for the Case

Aris J. Karalis, Esquire , Maschmeyer Karalis P.C., Philadelphia, PA, for Debtor.

Carolyn C. Lindheim, Esquire , Bonnie R. Golub, Esquire , Weir & Partners LLP, Philadelphia, PA, for Sovereign Bank.

Francis M. Correll, Jr., Esquire , Margaret M. Manning, Esquire , Klehr Harrison, Wilmington, DE, for Defendants.

George Conway, Esquire , Office of the United States Trustee, Philadelphia PA, United States Trustee.

OPINION

STEPHEN RASLAVICH, Chief Judge.

Introduction

Before the Court is a particularly troubling matter. The issue is the sanctions to be imposed against Sovereign Bank ("Sovereign") for its failure to fully comply with certain subpoenas duces tecum (the "Subpoenas Duces Tecum") which were served upon it by the Debtor, 400 Walnut Associates, L.P. ("Debtor"). This matter was raised by motion, namely the Motion of Debtor for...

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