L & O Partnership No. 2 v. Aetna Casualty & Surety Co.

MEMORANDUM AND ORDER

MORAN, Chief Judge.

On October 9, 1990, plaintiffs L & O Partnership and American National Bank and Trust Company of Chicago (collectively “L & O”) filed in the Chancery Division of the Circuit Court of Cook County a declaratory judgment action to determine the rights of the parties under a mortgage note secured by a parcel of land in Chicago. Defendant Aetna Casualty and Surety Company (“Aetna”) filed a petition to remove this action to federal court on November 15, 1990. Claiming that Aetna’s removal petition was untimely, L & O now urges this court to remand the action…