LeRoy State Bank v. J. Keenan's Bank

This case is here on a second appeal. On the first trial this court affirmed a judgment in favor of appellee in the sum of $75,120.91. (253 Ill. App. 51.) The Supreme Court granted a certiorari and the opinion of that court is reported in 337 Ill. 173. The history of this litigation appears fully in the above opinions and need not be repeated here.

This suit is based upon a tripartite contract wherein the LeRoy State Bank was party of the first part, J. Keenan’s Bank party of the second part and eight individual directors of the latter bank were parties of the third part. This contract is set…