International Insurance v. Mel-Rose Park National Bank

Plaintiff, the International Insurance Company, brought an action in the circuit court of Cook County against defendants, the Melrose Park National Bank, as trustee, under trust number 1909, and Lillian Lechtner, the beneficiary under the trust. Plaintiff sought a declaratory judgment determining the amount that it owed defendants under an insurance policy where plaintiff insured defendants’ building, where defendants contracted to sell the building, and where a fire damaged the building before defendants and their buyer consummated their agreement and caused them to abandon their contract.…