BANKERS LIFE AND CASUALTY CO. v. BELLANCA CORPORATION

Nos. 13190, 13191.

288 F.2d 784 (1961)

BANKERS LIFE AND CASUALTY COMPANY, Plaintiff, v. BELLANCA CORPORATION, Defendant. BELLANCA CORPORATION, Counter-Claimant-Appellee, v. BANKERS LIFE AND CASUALTY COMPANY, Counter-Defendant-Appellant. BELLANCA CORPORATION, Counter-Claimant-Appellant, v. BANKERS LIFE AND CASUALTY COMPANY, Counter-Defendant-Appellee.

United States Court of Appeals Seventh Circuit.

Rehearing Denied April 28, 1961.


Attorney(s) appearing for the Case

John Paul Stevens, Chicago, Ill., George N. Craig, Washington, D. C., William G. Myers, Chicago, Ill., Rothschild, Hart, Stevens & Barry, Chicago, Ill., Craig, Summers & O'Hara, Washington, D. C., of counsel, for Bellanca Corp.

Charles F. Short, Jr., Chicago, Ill., Howard A. Brundage, Narcisse A. Brown, Chicago, Ill., Brundage & Short, Chicago, Ill., of counsel, for Bankers Life & Casualty Co.

Before HASTINGS, Chief Judge, and KNOCH and CASTLE, Circuit Judges.


CASTLE, Circuit Judge.

Bankers Life and Casualty Company1 commenced a state court action against Bellanca Corporation2 seeking declaratory judgment as to the ownership of 500,000 shares of common stock of Automatic Washer Company.3 Bellanca answered and filed a counterclaim which, as amended, seeks recovery of $4,000,000.00 from Bankers for 500,000 shares of Automatic it delivered...

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