Legal Opinion
Bank of Chicago v. Park National Bank
Appellate Court of Illinois
Decided September 27, 1994No. 1-93-1594PublishedCited by 38 opinions
1Opinion of the CourtJustice Hartman
On November 4, 1988, plaintiff Bank of Chicago (formerly Bank of Chicago-Garfield Ridge) (Garfield) entered into a loan participation agreement with defendant Park National Bank (Park) in which Garfield purchased a $1 million participation in Park’s loans to Evron Industries, Ltd. (Evron), secured by a blanket assignment of Evron’s corporate assets. Evron subsequently defaulted on its loans and filed for bankruptcy. Garfield commenced this lawsuit against Park and its senior vice-president, Sheldon Bernstein. Following a bench trial, the circuit court determined that Park had breached its…
2Cases cited16 opinions
- Zimmerman v. Northfield Real Estate, Inc.Appellate Court of Illinois · 1987
- Martin v. Orvis Bros. & Co.Appellate Court of Illinois · 1974
- Central States Joint Board v. Continental Assurance Co.Appellate Court of Illinois · 1983
- Chicago Title & Trust Co. v. First Arlington National BankAppellate Court of Illinois · 1983
- Bank of Chicago-Garfield Ridge v. Park National BankAppellate Court of Illinois · 1992
11 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- Leonard v. Dorsey & Whitney LLPCourt of Appeals for the Eighth Circuit · 2009
- Medcom Holding Company, Cross-Appellee v. Baxter Travenol Laboratories, Inc. And Medtrain, Inc.Court of Appeals for the Seventh Circuit · 1997
- Platinum Technology, Inc. v. Federal Insurance Co.Court of Appeals for the Seventh Circuit · 2002
- New Hampshire Insurance v. Hanover InsuranceAppellate Court of Illinois · 1998
- Sheth v. SAB Tool Supply Co.Appellate Court of Illinois · 2013
33 more not listed; retrieve them via the Exa API.