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COMMERCIAL DISCOUNT CORP. v. KING

No. 78 C 3442.

515 F.Supp. 988 (1981)

COMMERCIAL DISCOUNT CORPORATION and Leaseamatic, Inc., Plaintiffs, v. William S. KING and Horace Rainey, Jr., Defendants.

United States District Court, N. D. Illinois, E. D.

May 14, 1981.

Attorney(s) appearing for the Case

A. Bruce Schimberg, David M. Schiffman, Sidley & Austin, Chicago, Ill., for plaintiffs.

Harry Adelman, Michael P. Myers, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

Commercial Discount Corporation ("CDC") and Leaseamatic, Inc. ("Leaseamatic," a CDC subsidiary) sued defendants William S. King ("King") and Horace Rainey, Jr. ("Rainey") on their joint and several personal guaranties of certain indebtedness of Racran Corp. ("Racran"). CDC and Leaseamatic moved for partial summary judgment against King on the issue of liability. This Court's September 23, 1980 memorandum...

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