NAT. UNION FIRE INS. v. CONTINENTAL ILLINOIS CORP.

Nos. 85 C 7080, 85 C 7081.

643 F.Supp. 1434 (1986)

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. CONTINENTAL ILLINOIS CORPORATION, et al., Defendants. HARBOR INSURANCE COMPANY, et al., Plaintiffs, v. CONTINENTAL ILLINOIS CORPORATION, et al., Defendants.

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

September 8, 1986.


Attorney(s) appearing for the Case

James Hiering, Dennis Waldon, Jeffrey Berkowitz, A. Benjamin Goldgar, Keck, Mahin & Cate, Chicago, Ill., for plaintiff.

Lowell Sachnoff, Barry Rosen, Carolyn Rosenberg Safer, Sachnoff, Weaver & Rubenstein, Chicago, Ill., for FDIC.


MEMORANDUM OPINION AND ORDER1

SHADUR, District Judge.

Harbor Insurance Company ("Harbor"), Allstate Insurance Company ("Allstate") and National Union Fire Insurance Company of Pittsburgh, Pa. ("National Union") have sued Continental Illinois Corporation ("CIC"), its subsidiary Continental Illinois National Bank and Trust Company of Chicago ("Bank") and a host of other defendants, seeking to avoid liability under the

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