Texas Commerce Bank-Beaumont, N.A. v. Sherpolk Joint Venture (In Re Sherpolk Joint Venture)

MEMORANDUM DECISION AND ORDER GRANTING SANCTIONS PURSUANT TO RULE 11 OF THE FEDERAL RULES OF CIVIL PROCEDURE AGAINST SHERPOLK JOINT VENTURE AND DANIEL DROR

EDWARD J. RYAN, Bankruptcy Judge.

On April 16, 1986, 777 S.H. Corporation filed its motion for sanctions against Sher-polk Joint Venture and its agent, consultant, (either or both), Daniel Dror, requesting that sanctions be assessed against Sherpolk Joint Venture and against Daniel Dror in the amounts of $33,277.36 expenses and $6,815.00 attorney’s fees incurred by 777 S.H. Corporation.

The motion sets forth in pertinent part:

“1. Sherpolk has…