Legal Opinion
Old Security Life Insurance v. Continental Illinois National Bank & Trust Co.
Court of Appeals for the Seventh Circuit
Decided July 24, 1984No. Nos. 82-3067, 82-3068PublishedCited by 4 opinions
1Opinion of the Court
ESCHBACH, Circuit Judge.
Old Security Life Insurance Company (“Old Security”) brought this diversity action against Continental Illinois National Bank and Trust Company (“Continental”) to recover $1.5 million allegedly transferred by the bank from Old Security’s account without authorization. The Trustees of the Central States, Southeast and Southwest Areas Health and Welfare Fund *1387(“Fund”) intervened. The Fund alleged that the money in the account consisted of premiums obtained from the Fund by Old Security through a conspiracy to defraud. Accordingly, the Fund claimed a superior right to any…
2Cases cited27 opinions
- Markham v. AllenSupreme Court of the United States · 1946
- Sherwin S. Stern v. United States Gypsum, Inc.Court of Appeals for the Seventh Circuit · 1977
- Bennie Lenard, Cross-Appellant v. Robert Argento & Joseph Sansone v. Village of Melrose ParkCourt of Appeals for the Seventh Circuit · 1983
- Hickey v. Illinois Central RailroadIllinois Supreme Court · 1966
- Roda v. BerkoIllinois Supreme Court · 1948
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3Cited by4 opinions
- Hardin, Rodriguez & Boivin Anesthesiologists, Ltd. v. Paradigm Insurance CompanyCourt of Appeals for the Seventh Circuit · 1992
- Grot v. First Bank of SchaumburgAppellate Court of Illinois · 1997
- Old Security Life Insurance Company v. Continental Illinois National Bank and Trust Co. Of Chicago, Robert J. Baker, as Trustees of Central States, Southeast and Southwest Areas Health and Welfare Fund, Intervening v. Old Security Life Insurance Company, Intervening and Continental Illinois National Bank and Trust Co. Of Chicago, InterveningCourt of Appeals for the Seventh Circuit · 1984
- Grot v. First Bank of SchaumburgAppellate Court of Illinois · 1997