United States Seventh Circuit

Assets of a "rabbi trust," created by a corporation or other institution for the benefit of an executive, are excluded from a security interest where the trust was funded before a security agreement was executed.

Appellate Information

• Argued 01/21/2003
• Decided 06/02/2003
• Published 06/02/2003

Judges

• POSNER, Circuit Judge., Before POSNER, KANNE, and DIANE P. WOOD, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Larry J. Nyhan,Sidley Austin Brown & Wood, Chicago, IL, Alan C. Geolot (argued), Sidley Austin Brown & Wood, Washington, DC, for Appellant., Robert V. Shannon, Bell, Boyd & Lloyd, Chicago, IL, for Debtor.


• For Appellees:
  
• Jon C. Vigano, D'Ancona & Pflaum, Chicago, IL, Steven B. Towbin (argued), Kathleen H. Klaus, Shaw, Gussis, Fishman, Glantz, Wolfson & Towbin, LLC, Chicago, IL, for Trustee-Appellee.