Legal Opinion
Elmo E. Koos, Sr. And Caroline M. Koos v. First National Bank of Peoria
Court of Appeals for the First Circuit
Decided May 17, 1974No. 73-1694PublishedCited by 157 opinions
1Opinion of the Court
CUMMINGS, Circuit Judge.
The two named plaintiffs filed a class action complaining that the defendant bank was charging usurious interest. The gravamen of the complaint was that defendant was charging them in excess of the 8 per cent rate of interest permissible under the Illinois Usury Law. 111. Rev.Stats.1973, ch. 74, § 4. The National Bank Act provides for the recovery of twice the amount of interest illegally charged, but contains a two-year statute of limitations. 1 Illegality is to be determined under state law, subject to an exception in the Act not relied on by defendant. 12 U.S.C. §§…
2Cases cited8 opinions
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Mersay v. First Republic Corp. of AmericaDistrict Court, S.D. New York · 1968
- Perlman v. First National Bank of ChicagoAppellate Court of Illinois · 1973
- Richardson v. Hamilton International Corp.District Court, E.D. Pennsylvania · 1974
- Lillian M. Matise, as Personal Representative of Granville C. Matise, Deceased v. American Foreign Steamship Co.Court of Appeals for the Ninth Circuit · 1974
3 more not listed; retrieve them via the Exa API.
3Cited by157 opinions
- Beck v. Maximus, Inc.Court of Appeals for the Third Circuit · 2006
- CE Design Ltd. v. King Architectural Metals, Inc.Court of Appeals for the Seventh Circuit · 2011
- Patterson v. General Motors Corp.Court of Appeals for the Seventh Circuit · 1980
- In re LTV Securities LitigationDistrict Court, N.D. Texas · 1980
- Zenith Laboratories, Inc., on Behalf of Itself and All Others Similarly Situated v. Carter-Wallace, IncCourt of Appeals for the Third Circuit · 1976
152 more not listed; retrieve them via the Exa API.