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HOYLAKE INVESTMENTS LTD. v. WASHBURN

No. 89 C 5822.

723 F.Supp. 42 (1989)

HOYLAKE INVESTMENTS LIMITED, a Bermuda corporation, Plaintiff, v. John E. WASHBURN, Director, Illinois Department of Insurance, Defendant.

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

October 4, 1989.

Attorney(s) appearing for the Case

Joel J. Sprayregen, Nicholas H. Diacou, Lawrence A. Berman, Clifford E. Yuknis, Shefsky & Froelich, Ltd., Chicago, Ill., for plaintiff.

Nick J. DiGiovanni, William J. Kelty, James R. Dwyer, Michael P. Comiskey, Lord, Bissell & Brook, Chicago, Ill., for amicus curiae.

Thomas A. Ioppolo, Christine H. Rosso, Ill. Atty. Gen., Chicago, Ill., for defendant.

NORDBERG, District Judge.

MEMORANDUM OPINION AND ORDER

Before the court are plaintiff's motion for preliminary injunction and defendant's motion to dismiss. Plaintiff Hoylake Investments seeks to enjoin the Director of the Illinois Department of Insurance from enforcing the Illinois Insurance Holding Company Systems Act. Defendant Director moves the court to abstain from exercising jurisdiction over plaintiff's suit.

After a full hearing on the motions...

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