Legal Opinion
The Rock Island Bank v. The Aetna Casualty and Surety Company, Third-Party Plaintiff v. William J. Kearney, Third-Party
Court of Appeals for the Third Circuit
Decided November 9, 1982No. 81-2205PublishedCited by 17 opinions
1Opinion of the Court
FAIRCHILD, Senior Circuit Judge.
This is a diversity case. The parties agree that Illinois law governs the critical issues.
The Facts
Between January 19, 1968 and March 4, 1970, William J. Kearney was president of the Rock Island Bank (Rock Island). During his tenure, Kearney made and renewed certain loans and issued certain letters of credit allegedly in excess of his authority. Among the letters of credit was one issued June 5, 1969, by which Rock Island committed itself to purchase at maturity in 1971 a $400,000 note signed by the corporation to which the letter was addressed. 1
Kearney was…
2Cases cited15 opinions
- Sherwin S. Stern v. United States Gypsum, Inc.Court of Appeals for the Seventh Circuit · 1977
- The Gates Rubber Company, a Corporation v. Usm Corporation, a CorporationCourt of Appeals for the Seventh Circuit · 1975
- Klatt v. Commonwealth Edison Co.Illinois Supreme Court · 1965
- West American Insurance v. Sal E. Lobianco & Son Co.Illinois Supreme Court · 1977
- Great American Insurance Company v. United StatesCourt of Appeals for the Second Circuit · 1978
10 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- International Brotherhood of Teamsters, Local 734 Health and Welfare Trust Fund and Central States Joint Board Health and Welfare Trust Fund v. Philip Morris Incorporated, Arkansas Blue Cross and Blue Shield v. Philip Morris IncorporatedCourt of Appeals for the Seventh Circuit · 1999
- Libertyville Datsun Sales, Inc. v. Nissan Motor Corporation in U.S.A.Court of Appeals for the Seventh Circuit · 1985
- Service Employees International Union Health & Welfare Fund v. Philip Morris Inc.Court of Appeals for the D.C. Circuit · 2001
- National Union Fire Insurance v. Continental Illinois Corp.District Court, N.D. Illinois · 1987
- Resolution Trust Corp. v. FranzDistrict Court, N.D. Illinois · 1995
12 more not listed; retrieve them via the Exa API.