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HINDIN/OWEN/ENGELKE, INC. v. GRM INDUSTRIES, INC.

No. 93 C 4771.

869 F.Supp. 539 (1994)

HINDIN/OWEN/ENGELKE, INC., Plaintiff, v. GRM INDUSTRIES, INC., a Tennessee corporation, Defendant.

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

Ruling Denying Reconsideration November 18, 1994.

Attorney(s) appearing for the Case

David A. Axelrod, Schoenberg, Fisher & Newman, Ltd., Mark David Wetterquist, Chicago, IL, for plaintiff.

Marty Jay Schwartz, Marty J. Schwartz, Chicago, IL, for defendant.

MEMORANDUM OPINION AND ORDER

LEINENWEBER, District Judge.

At the time the events occurred leading up to this law suit, defendant, GRM Industries, Inc. ("GRM"), was indebted to Comerica Bank ("Comerica") for loans totaling $23,000,000. GRM was in arrears and Comerica was pressing for payment. Comerica suggested that to avoid foreclosure GRM refinance the loans elsewhere and gave GRM a list of six firms, including plaintiff, Hindin/Owen/Engelke, Inc. ("Hindin...

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