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MOVITZ v. FIRST NAT. BANK OF CHICAGO

No. 86 C 2696.

982 F.Supp. 566 (1997)

Louis A MOVITZ, as Trustee, and Estock Corporation, N.V., Plaintiffs, v. The FIRST NATIONAL BANK OF CHICAGO, Defendant.

United States District Court, N.D. Illinois, Eastern Division.

October 9, 1997.

Attorney(s) appearing for the Case

Jerold Sherwin Solovy, Laura A. Kaster, James L. Thompson, Jenner & Block, Chicago, IL, Myron M. Cherry, Cherry & Flynn, Chicago, IL, for Jawad Hashim and Estock Corp., N.V.

Peter A. Flynn, Cherry & Flynn, Chicago, IL, for Louis A. Movitz.

Kathleen Marie McCarthy, Winston & Strawn, Chicago, IL, Lynn Adrian Goldstein, Chicago, IL, Marjorie Press Lindblom, Kirkland and Ellis, New York City, Peter J. Kilchenmann, TransAmerica Commercial Finance Corp., Chicago, IL, Fred H. Bartlit, Jr., Bartlit, Beck, Herman, Palenchar & Scott, Chicago, IL, for First Nat. Bank of Chicago.

OPINION AND ORDER

NORGLE, District Judge.

Before the court is Plaintiffs' Motion for Prejudgment Interest. For the following reasons, the motion is denied.

I. BACKGROUND

In the late 1970s, The First National Bank of Chicago ("Defendant") had a program to attract foreign high-net-worth individuals as customers, and to manage and invest the assets of such persons in real property within...

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