Citibank, N.A. v. Park-Kenilworth Industries, Inc.
District Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
MAROVICH, District Judge.
Plaintiff Citibank, N.A. (“Citibank”) brought this diversity action against Park-Kenilworth Industries, Inc. (“PKI”) and its former secretary, Philip F. Ignarski. Citibank seeks to recover $50 million worth of Park-Kenilworth stock which was pledged to Citibank as security for a loan but which had previously been pledged to Beverly Bank, which is not a party to this action. In the alternative, Citibank seeks to recover $50 million in damages. William J. Stoecker is the sole shareholder of PKI, and is currently the subject of an involuntary…
2Cases cited23 opinions
- Northern Pipeline Construction Co. v. Marathon Pipe Line Co.Supreme Court of the United States · 1982
- Granfinanciera, S.A. v. NordbergSupreme Court of the United States · 1989
- Bankr. L. Rep. P 71,803 in the Matter of Richard A. Kubly, Debtors. Wisconsin Department of Industry, Labor and Human Relations v. Marine Bank MonroeCourt of Appeals for the Seventh Circuit · 1987
- Cameron v. Anderson (In Re American Energy, Inc.)United States Bankruptcy Court, D. North Dakota · 1985
- Smith-Douglass, Inc. v. Smith (In Re Smith-Douglass, Inc.)United States Bankruptcy Court, E.D. North Carolina · 1984
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- Bertholet v. HarmanUnited States Bankruptcy Court, D. New Hampshire · 1991
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