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LEIBOWITZ v. GREAT AMERICAN GROUP, INC.

No. 07-3693.

559 F.3d 644 (2009)

David P. LEIBOWITZ, Trustee for the benefit of creditors in Goldblatt's Bargain Stores, Inc., Plaintiff, v. GREAT AMERICAN GROUP, INC., Defendant-Appellant, and LaSalle Bank, N.A., Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided March 18, 2009.

Attorney(s) appearing for the Case

David P. Leibowitz, Waukegan, IL, pro se.

Brian L. Shaw, Jeffrey L. Widman (argued), Shaw Gussis Fishman Glantz Wolfson & Towbin LLC, Chicago, IL, Lauren Newman (argued), Dennis E. Quaid, Thompson Coburn Fagel Haber, Chicago, IL, for Defendant-Appellee.

Before EASTERBROOK, Chief Judge, and SYKES and TINDER, Circuit Judges.

EASTERBROOK, Chief Judge.

Goldblatt's Bargain Stores operated six outlets in the Chicago area. All were closed as part of Goldblatt's bankruptcy. In January 2003 Great American Group agreed to buy the inventory at two of these stores for approximately 45% of what Goldblatt's had spent for the merchandise. Great American Group paid approximately 75% of the agreed amount before taking possession. Later Washington Inventory Service was to determine the value of the inventory...

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