In Re VIII South Michigan Associates

MEMORANDUM OPINION

JOHN D. SCHWARTZ, Chief Judge.

I. INTRODUCTION

The matter before the court is a motion for sanctions by the Northern Trust Company (“Northern”) against Douglas Gowan (“Gow-an”), Gowan’s motion to dismiss the Northern’s motion, and Gowan’s counter-motion for sanctions against the Northern and its attorneys.

VIII South Michigan Associates (“Debtor”) is a limited partnership which held a leasehold estate interest in certain improved commercial real estate located at 8 South Michigan Avenue in Chicago. The Northern was the Debtor’s secured lender, with a security interest in,…