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IN RE SETTLERS' HOUSING SERVICE, INC.

Bankruptcy No. 13-bk-28022. Adversary No. 13-ap-1328.

514 B.R. 258 (2014)

In re SETTLERS' HOUSING SERVICE, INC., an Illinois Non-Profit, Debtor. Settlers' Housing Service, Inc., an Illinois Non-Profit, Plaintiff v. Schaumburg Bank & Trust Company, N.A., Defendant.

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

Signed June 30, 2014.

Attorney(s) appearing for the Case

William J. Factor , David Paul Holtkamp , The Law Office of William J. Factor, Ltd., Chicago, IL, for Plaintiff.

Francis X. Buckley, Jr. , Todd A. Rowden , Thompson Coburn LLP, Chicago, IL, for Defendant.

MEMORANDUM OPINION ON SCHAUMBURG BANK'S MOTION TO DISMISS

JACK B. SCHMETTERER, Bankruptcy Judge.

This Adversary proceeding arises out of and relates to the Chapter 11 case of Settlers' Housing Service Inc. ("Settlers'"). Debtor-Plaintiff Settlers' is an Illinois nonprofit dedicated to fulfilling the housing needs of recently arrived legal immigrants. Settlers' ran into financial trouble as a result of an allegedly fraudulent transaction wherein it acquired...

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