INLAND MORTG. CAPITAL v. CHIVAS RETAIL PARTNERS

No. 12-3648.

740 F.3d 1146 (2014)

INLAND MORTGAGE CAPITAL CORPORATION, Plaintiff-Appellee, v. CHIVAS RETAIL PARTNERS, LLC, et al., Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided January 29, 2014.


Attorney(s) appearing for the Case

Thomas C. Hardy , Attorney, William J. McKenna, Jr. , Attorney, Foley & Lardner, LLP, Chicago, IL, for Plaintiff-Appellee.

James K. Borcia , Attorney, Tressler LLP, Chicago, IL, for Defendants-Appellants.

Before POSNER, Manion, and Kanne, Circuit Judges.


POSNER, Circuit Judge.

Before us is the defendants' appeal in a diversity suit (governed by either Illinois or Georgia law, or maybe both, as we'll see) to enforce a written guaranty. The district court granted summary judgment in favor of the plaintiff and awarded $17 million in damages (we round off all dollar figures to the nearest million).

The plaintiff, Inland Mortgage Capital Corporation, which the parties call IMCC, in 2007 agreed to lend a company...

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