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FEDERAL DEP. INS. CORP. v. CONTINENTAL ILL. NAT. B. & T. CO.

No. 11933-4.

245 F.2d 567 (1957)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellant, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant-Appellee. FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant-Appellant.

United States Court of Appeals Seventh Circuit.

June 25, 1957.

Attorney(s) appearing for the Case

John H. Bishop, William M. Doherty, Chicago, Ill., Orrin G. Judd, New York City, Royal L. Coburn, Gen. Counsel, G. J. Oppegard, Federal Deposit Ins. Corp., Washington, D. C., Charles E. McGuinness, New York City, of counsel, for appellant-appellee, Federal Deposit Ins. Corp.

Frank D. Mayer, Louis A. Kohn, Chicago, Ill., Mayer, Friedlich, Spiess, Tierney, Brown & Platt, Chicago, Ill., of counsel, for Continental Ill. Nat. Bank & Trust Co. of Chicago.

Before MAJOR, FINNEGAN and LINDLEY, Circuit Judges.

MAJOR, Circuit Judge.

Plaintiff, Federal Deposit Insurance Corporation (sometimes referred to as FDIC), is a corporation duly organized and existing under and by virtue of an Act of Congress of the United States as amended by the Act of August 23, 1935 (Title 12 U.S.C.A. § 264) and again by the Act of September 21, 1950 (Title 12 U.S.C.A. § 1811 et seq.), designated as the Federal Deposit Insurance Act. Defendant, Continental Illinois National Bank and Trust...

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