Bloomingdale State Bank v. Woodland Sales Co.

Defendant, Woodland Sales Company (Woodland), appeals the order of the circuit court dismissing both counts of its amended counterclaim against plaintiff, Bloomingdale State Bank (Bank). The Bank originally brought an action against Woodland to recover on a loan secured by an automobile. Woodland counterclaimed alleging that the Bank improperly permitted Woodland’s former president to withdraw all the funds in Woodland’s corporate account at the Bank. At issue is whether the trial court properly granted the Bank’s motion for involuntary dismissal of the counterclaim after concluding that the…