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CONTINENTAL BANK, N.A. v. EVERETT

No. 90 C 1476.

861 F.Supp. 642 (1994)

CONTINENTAL BANK, N.A., Plaintiff, v. Robinson EVERETT, Katherine Everett, and J.H. Froelich, Defendants.

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

March 29, 1994.

Attorney(s) appearing for the Case

Janet Lynn Reed, Howard J. Roin, Lynn Dee Thesing, Andrew Stanley Marovitz, Mayer, Brown & Platt, Chicago, IL, for plaintiff.

James R. Figliulo, Robert E. Wiss, Jeffrey Charles Blumenthal, Patrick Randall Gabrione, Foran & Schultz, Chicago, IL, William H. Hrabak, Goldstine, Skrodzki, Russian, Nemec & Hoff, Ltd., Summit, IL, Ronald J. Guild, Michael Joseph Kralovec, Feiwell, Galper & Lasky, Ltd., Chicago, IL, for defendants.

MEMORANDUM OPINION AND ORDER

NORDBERG, District Judge.

STATEMENT OF FACTS

Defendants are shareholders of Guilford Telecasters, Inc. ("Guilford"), and guarantors of a $4.2 million loan made to Guilford by plaintiff, Continental Bank. Guilford has undergone Chapter 11 reorganization in the Middle District of North Carolina Bankruptcy Court, and all payments to be made to plaintiff under its reorganization plan have been made. Meanwhile, in...

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