Reighley v. Continental Illinois National Bank & Trust Co.

Supplemental Opinion on Rehearing.

Defendant Parsons has filed a petition for a rehearing, asking that we review the finding of the trial court that the Escrow Security Pledge Agreement is an executed trust and not a pledge as Parsons contends. We held that, having decided Parsons is bound by the Berlin contract, we need not decide the further question. Parsons says, “This leaves the finding of the trial court to the effect that it is a trust in full force and effect between the parties.” No case is cited by him in support of that contention, though we find Russell v. Russell, 134 Fed. 840;…