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IN RE INTERSTATE STEEL SETTERS, INC.

Bankruptcy No. 81 B 1806, Adv. Nos. 82 A 2308, 82 A 2309.

65 B.R. 312 (1986)

In re INTERSTATE STEEL SETTERS, INC., Debtor. INTERSTATE STEEL SETTERS, INC., Plaintiff, v. A.J. MAGGIO COMPANY, Inryco, Inc., and American National Bank and Trust Company of Chicago, as Trustee u/t/a dated February 14, 1978 and known as Trust No. 42194, Defendants. INTERSTATE STEEL SETTERS, INC., Plaintiff, v. CRANE CONSTRUCTION CO., INC., Inryco, Inc., and American National Bank and Trust Company of Chicago, as Trustee u/t/a dated March 3, 1978 and known as Trust No. 42275, Defendants.

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

As Corrected and Reissued October 9, 1986.

Attorney(s) appearing for the Case

Philip S. Aimen, Chicago, Ill., for plaintiff/debtor.

Leonard S. Shifflett, Cynthia A. Bergmann, Wilson & McIlvaine, Chicago, Ill., for defendants.

MEMORANDUM ON CROSS MOTIONS TO ASSESS SANCTIONS AGAINST RESPECTIVE COUNSEL FOR PLAINTIFF AND DEFENDANTS AND ORDER GRANTING BOTH MOTIONS UNDER 28 U.S.C. § 1927

JACK B. SCHMETTERER, Bankruptcy Judge.

In this case, Debtor sued several parties for the balance due under a construction subcontract. There was a hard fought issue as to whether Plaintiff had properly performed or performance had been waived or the contract...

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