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FEDERAL DEPOSIT INS. CORP. v. POWERS

No. 80 C 1723.

576 F.Supp. 1167 (1983)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. William F. POWERS, Clarence Robinson and Shirley Robinson, Defendants.

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

December 14, 1983.

Attorney(s) appearing for the Case

Mark E. MacDonald, Robert J. Burson, Sidley & Austin, Chicago, Ill., Frank L. Skillern, Jr., Myers N. Fisher (FDIC), Washington, D.C., for plaintiff.

Kenneth L. Cunniff, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

GETZENDANNER, District Judge:

This action is before the court on plaintiff's motion for summary judgment against defendants, and on defendant Powers' cross-motion for summary judgment on plaintiff's claim. Jurisdiction is based on 12 U.S.C. § 1819. For the reasons stated below, the court grants plaintiff's motion as against all three defendants and denies Powers' motion.

In January 1978 Drovers National Bank of Chicago...

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