Lanigan v. Apollo Savings

This is another in a series of appeals concerning the liquidation of Apollo Savings and Loan, a liquidation which began over 10 years ago. The prior decisions are found in Lanigan v. Apollo Savings (1972), 52 Ill. 2d 342, 288 N.E.2d 445 (Lanigan I); Lanigan v. Apollo Savings (1975), 30 Ill. App. 3d 781, 332 N.E.2d 591 (Lanigan II); and Lanigan v. Apollo Savings (1976), 40 Ill. App. 3d 927, 353 N.E.2d 239, appeal denied (1976), 64 Ill. 2d 596 (Lanigan III).

The basic issue in this case is whether the court properly allowed the receiver’s plan for final liquidation, providing for the payment in…