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HARRIS TRUST AND SAV. BANK v. OLSEN

No. 90 C 2329.

745 F.Supp. 503 (1990)

HARRIS TRUST AND SAVINGS BANK, Plaintiff, v. Warren F. OLSEN, Defendant.

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

July 20, 1990.

Attorney(s) appearing for the Case

Gary I. Blackman, Robert I. Boehm, Mark D. Pearlstein, Boehm & Pearlstein, Ltd., Chicago, Ill., for plaintiff.

Jerome H. Torshen, Abigail K. Spreyer, Zoran Dragutinovich, Torshen, Schoenfield & Spreyer, Ltd., Chicago, Ill., for defendant.

MEMORANDUM OPINION

KOCORAS, District Judge:

This matter comes before the court on defendant's motion for abstention or a stay of this action. For the reasons set forth below, defendant's motion is denied.

BACKGROUND

On January 12, 1989, defendant Warren Olsen executed a guaranty of indebtedness to plaintiff Harris Trust and Savings Bank on a loan issued to Highland Partners, Inc. At the same...

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