Legal Opinion
Allenson v. Hoyne Savings Bank
Appellate Court of Illinois
Decided May 23, 1995No. 1—93—3815PublishedCited by 2 opinions
1Opinion of the CourtJustice DiVITO
Plaintiff, Charles C. Allenson, filed this four-count class action against defendant, Hoyne Savings Bank (Hoyne), for misamortization of mortgage loan payments. The circuit court dismissed plaintiff’s claim under the Racketeer Influenced and Corrupt Organization Act (RICO) (18 U.S.C. §§ 1961, 1962 (1988)) for failure to allege facts sufficient to support such an action. For the following reasons, we reverse the judgment of the circuit court.
The plaintiff class of home mortgage borrowers brought this action against Hoyne, an Illinois savings and loan association engaged in making residential…
2Cases cited15 opinions
- United States v. TurketteSupreme Court of the United States · 1981
- Holmes v. Securities Investor Protection CorporationSupreme Court of the United States · 1992
- Schmuck v. United StatesSupreme Court of the United States · 1989
- Haroco, Inc. v. American National Bank and Trust Company of Chicago, Walter E. Heller International Corporation, & Ronald J. GrayheckCourt of Appeals for the Seventh Circuit · 1985
- American Nat. Bank & Trust Co. of Chicago v. Haroco, Inc.Supreme Court of the United States · 1985
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3Cited by2 opinions
- Moore v. Fidelity Financial Services, Inc.District Court, N.D. Illinois · 1995
- Wallace Acquisitions, Inc. v. Allied Waste Industries, Inc.Appellate Court of Illinois · 1999