Wagemann Oil Co. v. Marathon Oil Co.

Plaintiff Wagemann Oil Company (Wagemann) appeals from an order denying its motion for summary judgment and granting summary judgment to defendant Marathon Oil Company (Marathon). Wagemann contends that the circuit court erred in determining that Marathon’s judgment lien upon the real estate which was the res of an Illinois land trust was superior to Wagemann’s security interest in the beneficial interest of that trust. We affirm.

This case involves the priority of the parties’ rights to the proceeds from the sale of certain real property commonly known as 124 South Ela Road in Barrington,…