Berke v. First National Bank & Trust Co.

This case presents what would seem to be the final chapter in the protracted litigation involving an attempt by Samuel Berke, as receiver of the defunct City Savings Association of Chicago, to recover from the estate of Joseph E. Knight, former director of the Department of Financial Institutions of the State of Illinois, losses suffered by the Association’s depositors. (Tcherepnin v. Franz (N.D. Ill. 1975), 393 F. Supp. 1197; Tcherepnin v. Franz (N.D. Ill. 1976), 424 F. Supp. 778, aff’d (7th Cir. 1978), 570 F.2d 187, cert. denied (1978), 439 U.S. 876, 58 L. Ed. 2d 190, 99 S. Ct. 214.) The…