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ROSS v. LAKE CITY EQUITY FINANCE CORPORATION

No. 17411.

425 F.2d 1 (1970)

Herman ROSS and Hubert Garner, Plaintiffs-Appellants, v. LAKE CITY EQUITY FINANCE CORPORATION, an Illinois corporation, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

March 23, 1970.

Attorney(s) appearing for the Case

Philip L. Bransky, Chicago, Ill., Honigman, Miller, Schwartz & Cohn, Detroit, Mich., for appellants, Asher Rabinowitz, Detroit, Mich., of counsel.

Samuel Morgan, Arnold J. Karzov, Chicago, Ill., for appellee.

Before KNOCH and CASTLE, Senior Circuit Judges and KILEY, Circuit Judge.

KNOCH, Senior Circuit Judge.

Plaintiffs-appellants, Herman Ross and Hubert Garner, brought their action in the United States District Court against Lake City Equity Finance Corporation, defendant-appellee, to recover double damages under the Illinois usury statute, Ill.Rev.Stat. Ch. 74, §§ 4-6. Jurisdiction was based on diversity of citizenship. Plaintiffs are residents of Michigan. Defendant is an Illinois corporation...

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