Lamphere v. Old Second National Bank

Mr. PRESIDING JUSTICE GUILD

delivered the opinion of the court:

Between 1944 and 1951 the plaintiff, Ray W. Lamphere, an employee of the defendant, The Old Second National Bank of Aurora (hereinafter Bank), embezzled some *67,000 from the Bank, although the exact amount is not known. Thereafter, until October, 1970, plaintiff concealed his misdeeds from the Bank and rose in rank from manager of the installment loan department to vice president. On November 4, 1970, after the Board of Directors had voted to discharge plaintiff, but before that action was communicated to him, plaintiff’s attorney…