McDonald's Corp. v. First Nat. Bank of Lake Forest

The plaintiff, McDonald’s Corporation (McDonald’s), filed this declaratory judgment action against the defendant, First National Bank of Lake Forest, now known as the Northern Trust Bank/Lake Forest, as trustee under trust No. 7955, and Wauconda Associates (hereinafter referred to collectively as the Developer). McDonald’s and the Developer each own a portion of the Liberty Square Shopping Center (shopping center). McDonald’s sought a declaration that agreements that it entered into with the Developer concerning the development and operation of the shopping center prevented the Developer from…