Chicago Title & Trust Co. v. National Bank of Albany Park

Chicago Title and Trust Company, not individually but as Trustee Under Trust No. 55855. (plaintiff) appeals from an order granting the motion of National Bank of Albany Park in Chicago (Bank of Albany Park); Lake City Equity Finance Corporation (Lake City) and Ritchie Realty Company (collectively referred to as defendants) to dismiss plaintiff’s complaint for an accounting. No evidence was heard. The trial court acted upon the pleadings, briefs filed by both sides and argument of counsel.

We will first summarize the pertinent facts which appear from the properly pleaded allegations of…