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BRYANT v. AM. NAT. BANK & TRUST CO. OF CHICAGO

No. 75 C 1321.

407 F.Supp. 360 (1976)

Anthony W. BRYANT et al., Plaintiffs, v. AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, a national banking association, Defendant.

United States District Court, N. D. Illinois, E. D.

January 23, 1976.

Attorney(s) appearing for the Case

Quarles & Brady, Milwaukee, Wis., Edmund J. Burke, Chicago, Ill., for plaintiffs.

Steven Bazer, Schwartz, Cooper, Kolb & Gaynor, Chicago, Ill., for defendants.

MEMORANDUM DECISION

MARSHALL, District Judge.

Plaintiffs in this diversity action were the owners of 67,835 shares of the $10 par value capital stock of the Suburban Trust & Savings Bank of Oak Park, Illinois ("Suburban"). They pledged their shares as collateral to secure the repayment of certain loans advanced by defendant, American National Bank & Trust Company of Chicago. On December 2, 1974, defendant sold the pledged shares. In Count I plaintiffs...

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