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ALLIED FIDELITY INS. CO. v. CONTINENTAL ILL. NAT. BANK & TR.

No. 87 C 5270.

677 F.Supp. 562 (1988)

ALLIED FIDELITY INSURANCE COMPANY, Plaintiff, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant.

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

January 25, 1988.

Attorney(s) appearing for the Case

Dennis C. Waldon, Dennis M. O'Dea, Monica L. Thompson, Keck, Mahin & Cate, Chicago, Ill., for plaintiff.

David M. Meister, Katten, Muchin & Zavis, Chicago, Ill., for defendant.

MEMORANDUM OPINION

BRIAN BARNETT DUFF, District Judge.

This case arises out of an irrevocable standby letter of credit ("Letter of Credit") issued by defendant Continental Illinois National Bank & Trust Company of Chicago ("Continental") in favor of plaintiff Allied Fidelity Insurance Company ("Allied"). Allied seeks to recover the $805 thousand amount of the Letter of Credit. Continental has moved to dismiss on two grounds: First, because Allied is...

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