Comtrade, Inc. v. First National Bank of Highland Park

Comtrade, Inc., plaintiff-appellant, as beneficiary of two trust agreements entered into between Comtrade, the First National Bank of Highland Park (the bank) and Bell & Howell-Mamiya Company (now known as Osawa, Ltd.), filed a complaint alleging that the bank, defendant-appellee, as trustee, breached the terms of the trust agreements by commencing an interpleader action. The bank responded by moving for summary judgment asserting that the interpleader action was necessitated by conflicting claims for the trust funds by Com-trade and Osawa, a co-beneficiary. The trial court entered summary…