Legal Opinion
American Employers Insurance v. Pioneer Bank & Trust Co.
District Court, N.D. Illinois
Decided December 18, 1981No. 81 C 4308PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
SHADUR, District Judge.
American Employers Insurance Company (“American Employers”) sues Pioneer Bank and Trust Company (“Pioneer”) alleging the wrongful dishonor of drafts presented under each of three irrevocable letters of credit issued by Pioneer. American Employers has moved for summary judgment and Pioneer has filed a cross motion to dismiss the Complaint. For the reasons stated in this memorandum opinion and order, Pioneer’s motion is denied and American Employers’ motion is granted in part and denied in part.
Facts
On November 1,1974 Pioneer (the issuer)…
2Cases cited11 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- National Surety Corporation, a Corporation of the State of New York v. The Midland Bank, a Corporation of New JerseyCourt of Appeals for the Third Circuit · 1977
- Cook Associates, Inc. v. Colonial Broach & MacHine Co.Appellate Court of Illinois · 1973
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Chase Manhattan Bank v. EquibankCourt of Appeals for the Third Circuit · 1977
6 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Voest-Alpine International Corp. v. Chase Manhattan Bank, N.A.Court of Appeals for the Second Circuit · 1983
- Crocker Commercial Services, Inc. v. Countryside BankDistrict Court, N.D. Illinois · 1981
- American National Bank & Trust Co. v. Hamilton Industries International, Inc.District Court, N.D. Illinois · 1984
- Atari, Inc. v. Harris Trust & Savings BankDistrict Court, N.D. Illinois · 1984
- Integrated Measurement System, Inc. v. International Commercial Bank of ChinaDistrict Court, N.D. Illinois · 1991
4 more not listed; retrieve them via the Exa API.