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FEDERAL DEPOSIT INS. CORP. v. ZABORAC

No. 88-1140.

773 F.Supp. 137 (1991)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff, v. Margie ZABORAC, Chester Jacobus, George Baylor, Harry Tarter, Wayne Grove, and Linda Grove, and American Casualty Company of Reading, Pennsylvania, Garnishee, Defendants.

United States District Court, C.D. Illinois, Peoria Division.

August 27, 1991.

Attorney(s) appearing for the Case

Tim Swain, Peoria, Ill., Catherine Topping, FDIC Gen. Counsel, Washington, D.C., Barry S. Rosen, Chicago, Ill., for plaintiff.

Joseph Anthony, Minneapolis, Minn., Ross Morris, Cuba, Ill., Charles Covey, Peoria, Ill., for defendants.

Louis C. Roberts, Chicago, Ill., for defendant American Cas. Co.

ORDER

MIHM, District Judge.

Before the Court is a Motion by the Garnishee Defendant, American Casualty Company of Reading, Pennsylvania, for summary judgment (# 26) on the claim asserted against it. For the reasons set forth in this opinion, this Motion is granted.

BACKGROUND

Joe R. Gibson, the original Plaintiff in this action, commenced this action by filing a shareholder derivative complaint against the directors and officers of the...

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