PNC Bank, National Association v. Five-Star Audiovisual, Inc.

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION PNC BANK, N.A., and PNC ) EQUIPMENT FINANCE, LLC, ) ) Plaintiffs, ) ) No. 21 C 5419 v. ) ) Judge Virginia Kendall FIVE-STAR AUDIOVISUAL, INC., ) ) Defendant. ) MEMORANDUM OPINION AND ORDER Plaintiffs PNC Bank, N.A. and PNC Equipment Finance, LLC (collectively, “PNC”) lent millions of dollars to Defendant Five-Star Audiovisual, Inc. In a February 2020 contract, Five-Star agreed that any balance in its checking account would be used to automatically pay off a separate line of credit taken out. A few…