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CONTINENTAL BANK N.A. v. MODANSKY

No. 92-2666.

997 F.2d 309 (1993)

CONTINENTAL BANK N.A., Plaintiff-Appellee, v. Sheldon MODANSKY and Aaron Modansky, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided June 23, 1993.

Attorney(s) appearing for the Case

David M. Schiffman (argued), Kate Poverman, Sidley & Austin, Chicago, IL, for plaintiff-appellee.

Sarah R. Wolff, Sachnoff & Weaver, Chicago, IL, Leonard Zack (argued), Zack & Associates, New York City, for defendants-appellants.

Before BAUER, Chief Judge, and POSNER and COFFEY, Circuit Judges.

BAUER, Chief Judge.

Continental Bank sued Ajayem Investors Corporation and brothers Aaron and Sheldon Modansky (collectively "the guarantors") for breach of contract after they failed to compensate Continental for loans they had guaranteed on behalf of four Ajayem lumber companies that filed for bankruptcy. Continental brought this lawsuit in the district court under diversity jurisdiction. 28 U.S.C. § 1332. The case was presented to a jury, but the district...

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