Legal Opinion
Washburn v. Union National Bank & Trust Co.
Appellate Court of Illinois
Decided December 18, 1986No. 3-85-0434PublishedCited by 25 opinions
1Opinion of the CourtJustice Barry
The debtor-insurance company appeals from summary judgment entered in the circuit court of Will County in favor of the creditor-bank in an action for wrongful liquidation of collateral securing a loan.
Plaintiff, United States Savings Life Insurance Company (the company), borrowed large sums of money from defendant, Union National Bank and Trust Company of Joliet (the bank), on a regular basis beginning in 1981. The loans were for varying lengths of time— always less than a year and were routinely renewed. Because of the close personal relationship between the chairman of the bank and the…
2Cases cited11 opinions
- K.M.C. Co., Inc. v. Irving Trust CompanyCourt of Appeals for the Sixth Circuit · 1985
- Foster Enterprises, Inc. v. Germania Federal Savings & Loan Ass'nAppellate Court of Illinois · 1981
- Chandler v. HunterCourt of Civil Appeals of Alabama · 1976
- Kane v. American National Bank & Trust Co.Appellate Court of Illinois · 1974
- Vermilion County Production Credit Ass'n v. IzzardAppellate Court of Illinois · 1969
6 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- George Lamborn, Henry Maringer, and Lamar Commodities, a Partnership v. Thomas H. Dittmer and Dittmer International, Inc.Court of Appeals for the Second Circuit · 1989
- Primavera Familienstifung v. AskinDistrict Court, S.D. New York · 2001
- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Henry H. BlantonCourt of Appeals for the Fifth Circuit · 1991
- Charles Anderson v. Catholic Bishop of ChicagoCourt of Appeals for the Seventh Circuit · 2014
- Government Street Lumber Co. v. AmSouth Bank, NASupreme Court of Alabama · 1989
20 more not listed; retrieve them via the Exa API.