Churchill Cabinet Co. v. Continental Illinois National Bank & Trust Co. (In Re Destron, Inc.)

MEMORANDUM AND ORDER

ROBERT L. EISEN, Chief Judge.

This matter came before the court on the motion of the defendant, Continental Illinois National Bank and Trust Co. (“Continental”), for summary judgment. The court, having considered the pleadings and memoranda filed herein, as well as the documents, affidavits and exhibits submitted therewith, does hereby grant defendant’s motion for summary judgment.

THE FACTS

The debtor, Destrón, Inc., was a manufacturer of coin-operated gaming devices. In May, 1982, Destrón purchased virtually all of the assets of Gaming Devices, Inc. (“GDI”) from X-COR…