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1756 W. LAKE STREET LLC v. AMERICAN CHARTERED BANK

No. 14-3435.

787 F.3d 383 (2015)

1756 W. LAKE STREET LLC, Plaintiff-Appellant, v. AMERICAN CHARTERED BANK and Scherston Real Estate Investments, LLC, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided May 15, 2015.

Attorney(s) appearing for the Case

Konstantinos T. Sparagis , Law Offices of Konstantine Sparagis, P.C., Chicago, IL, for Plaintiff-Appellant.

Jordan M. Litwin , David L. Kane , Meltzer, Purtill & Stelle LLC, Chicago, IL, for Defendants-Appellees.

Before POSNER and SYKES, Circuit Judges, and SIMON, Chief District Judge.

The plaintiff, a debtor in possession in a Chapter 11 bankruptcy, brought this adversary proceeding against a bank that had lent it money and an affiliate of the bank, claiming that the bank (with assistance from the affiliate) had defrauded the plaintiff. A debtor in possession has the powers of a trustee in bankruptcy, 11...

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