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SUBURBAN TRUST AND SAV. v. UNIVERSITY OF DELAWARE

Civil Action No. 94-665 MMS.

910 F.Supp. 1009 (1995)

SUBURBAN TRUST AND SAVINGS BANK, an Illinois Savings Bank, Plaintiff, v. The UNIVERSITY OF DELAWARE, a corporation organized under the laws of the State of Delaware, Defendant.

United States District Court, D. Delaware.

December 29, 1995.

Attorney(s) appearing for the Case

Frederick L. Cottrell, III, Esq., of Richards, Layton & Finger, Wilmington, Delaware; Of Counsel: Richard W. Burke, Esq., and Andrew D. James, Esq., of Burke, Warren & MacKay, P.C., Chicago, Illinois; attorneys for plaintiff.

Daniel F. Wolcott, Jr., Esq., and Linda S. Kranitz, Esq., of Potter Anderson & Corroon, Wilmington, Delaware; attorneys for defendant.

OPINION

MURRAY M. SCHWARTZ, Senior District Judge.

I. INTRODUCTION

Plaintiff Suburban Trust and Savings Bank ("Suburban Trust" or "Bank"), an Illinois corporation, filed this diversity action on December 13, 1994, alleging breach of contract against defendant The University of Delaware ("University"), a Delaware corporation. Before the Court are the parties' cross-motions for summary judgment, Docket Items ("D.I.") 10, 33; the Court held...

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