Legal Opinion
Union Federal Savings & Loan Ass'n v. Champion Federal Savings & Loan Ass'n
Appellate Court of Illinois
Decided July 13, 1990No. 3—89—0531PublishedCited by 1 opinion
1Opinion of the CourtJustice Stouder
The plaintiff, Union Federal Savings and Loan Association, appeals from the judgment of the circuit court of Rock Island County which dismissed Union Federal’s complaint against the defendant, Champion Federal Savings and Loan Association. The circuit court held that Union Federal’s action was barred by the applicable statute of limitations and collateral estoppel.
In 1981, Rock Island Savings and Loan Association was experiencing financial difficulties and approached Union Federal to determine Union Federal’s interest in a possible merger of the two institutions. A series of discussions was…
2Cases cited5 opinions
- Housing Authority for La Salle County v. Young Men's Christian Ass'nIllinois Supreme Court · 1984
- Ballweg v. City of SpringfieldIllinois Supreme Court · 1986
- Poulos v. RedaAppellate Court of Illinois · 1987
- Telegraph Savings & Loan Ass'n v. SchillingIllinois Supreme Court · 1984
- National Commercial Banking Corp. v. HarrisIllinois Supreme Court · 1988
3Cited by1 opinion
- Downing v. Chicago Transit AuthorityIllinois Supreme Court · 1994