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TAX INVESTMENTS, LTD. v. FDIC

No. 88 C 4326.

763 F.Supp. 1452 (1991)

TAX INVESTMENTS, LTD. and Howard Harris, Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Sun Savings and Loan Association, Defendant.

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

May 15, 1991.

Attorney(s) appearing for the Case

George J. Anos, Bruce T. Logan, Yolanda M. Kielar, Ash, Anos, Freedman & Logan, Howard A. Harris, Chicago, Ill., for plaintiffs.

Albert Corneal Maule, Mary Kay McCalla, Hopkins & Sutter, P.C., Chicago, Ill., for defendant.

MEMORANDUM OPINION AND ORDER

HOLDERMAN, District Judge:

Tax Investments, Inc. and Howard Harris ("plaintiffs") brought this action against the Federal Deposit Insurance Corp. ("FDIC"), as receiver for Sun Savings and Loan Association ("Sun Savings"), for breach of contract alleging that the FDIC failed to fund plaintiffs as required by a loan agreement. The FDIC brought a counterclaim against plaintiffs for default on the loan agreement. The FDIC moves for...

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