Notz v. Tate (In re Chicago Discount Commodity Brokers, Inc.)

*621MEMORANDUM OPINION

JOHN D. SCHWARTZ, Bankruptcy Judge.

Nature of Proceedings

This proceeding comes before the Court on cross-motions for summary judgment. The debtor was a futures commission merchant. The debtor's Trustee seeks to recover deficits in the commodity futures trading accounts of certain of the defendants and to disallow or subordinate the claims of certain other of the defendants.

Procedural Background and Facts

Procedural History

On November 4, 1980 a voluntary petition for relief under subchapter IV of Chapter 7 of the Bankruptcy Code (11 U.S.C. § 101 et seq.) was filed on behalf of…