Abbott Laboratories v. Bank of London & South America, Ltd.

Abbott Laboratories, a corporation, plaintiff-appellee, filed its suit in the circuit court of Lake county, Illinois, against the Bank of London and South America, Limited, a corporation, defendant-appellant. Prior to the filing of the suit the plaintiff’s subsidiary corporation had assigned its cause of action to the plaintiff.

On a jury trial a verdict was rendered in favor of the plaintiff for $25,901.71. The court overruled motions for judgment notwithstanding the verdict and for a new trial and entered a judgment on the verdict. The defendant has appealed.

The following facts appear from…