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PALOIAN v. GRUPO SERLA S.A. DE C.V.

Bankruptcy No. 07 C 396. Adversary No. 03 A 03888.

433 B.R. 19 (2010)

Gus A. PALOIAN, not individually but solely in his capacity as the Chapter 7 Trustee of GGSI Liquidation, Inc., et al., Plaintiff/Appellee/Cross-Appellant, v. GRUPO SERLA S.A. DE C.V. a/k/a Grupo Adversary Empresarial Serla, S.A. de C.V.; Editorial Comercial, S.A. de C.V.; Sergio Edwardo Guarneros Trujillo; J.P. Morgan Chase Bank, N.A., individually and as successor-in-interest to First National Bank of Chicago, a national banking Association; and Union Industrial Mexicana, S.A. de C.V., Defendants/Appellants/Cross-Appellees.

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

June 17, 2010.

Attorney(s) appearing for the Case

Leslie Allen Bayles, David E. Bennett, Vedder, Price, Kaufman & Kammholz, Timothy L. Binetti, Lauren Newman, Todd A. Rowden, Thompson Coburn LLP, Robert B. Millner, Sonnenschein Nath & Rosenthal LLP, Eric S. Prezant, Bryan Cave, LLP, Joseph M. Russell, Esq., Joel A. Schechter, Esq., Law Offices of Joel Schechter, Chicago, IL, for defendants.

Daniel P. Dawson, Nisen & Elliott, LLC, Chicago, IL, for plaintiff.

OPINION AND ORDER

JOAN HUMPHREY LEFKOW, District Judge.

This case arises from the appeals of defendant/appellant/cross-appellee J.P. Morgan Chase Bank, N.A., successor by merger to Bank One, N.A. ("the Bank"), and plaintiff/appellee/cross-appellant Trustee Gus A. Paloian ("the Trustee") of two decisions of the bankruptcy court entered September 7, 2006 and November 27, 2006, respectively.1 In an adversary proceeding, the...

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