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HCFS BUSINESS EQUIPMENT CORP. v. LDI FINANCIAL SERVICES CORP.

No. 91 C 143.

129 B.R. 157 (1991)

HCFS BUSINESS EQUIPMENT CORPORATION, Plaintiff, v. LDI FINANCIAL SERVICES CORP., Defendant, Third party plaintiff, v. FINANCIAL NEWS NETWORK, INC., Third party defendant.

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

July 2, 1991.

Attorney(s) appearing for the Case

Alan Norris Salpeter, Lillian K. Miller, Mayer, Brown & Platt, Chicago, Ill., for plaintiff.

Don R. Sampen, Martin, Craig, Chester & Sonnenschein, Charles L. Michod, Chicago, Ill., for defendant, third party plaintiff.

MEMORANDUM AND ORDER

MORAN, Chief Judge.

On January 9, 1991, plaintiff, HCFS Business Equipment Corporation (HCFS), sued defendant, LDI Financial Services Corp. (LDI), in this court, asserting a claim against LDI for $1,083,708.43. On February 28, 1991, LDI filed an answer and also a third party complaint against Financial News Network, Inc. (FNN), claiming indemnification from FNN if LDI was liable to HCFS. FNN filed for protection under Chapter 11 in the...

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