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MERCANTILE TRUST COMPANY v. CHASE HOTEL, INC.

No. 35035.

510 S.W.2d 807 (1974)

MERCANTILE TRUST COMPANY et al., Plaintiffs-Appellants, v. CHASE HOTEL, INC., et al., Defendants-Respondents.

Missouri Court of Appeals, St. Louis District, Division Two.

Motion for Rehearing or Transfer Denied June 12, 1974.

Application to Transfer Denied July 22, 1974.

Attorney(s) appearing for the Case

Thompson, Mitchell, Douglas, Neill, Guerri & Elbert, J. Peter Schmitz, Stanley T. Bjurstrom, St. Louis, for plaintiffs-appellants.

Morris A. Shenker, B. J. Mellman, Cordell Siegel, St. Louis, for defendants-respondents.

Motion for Rehearing or Transfer to Supreme Court Denied June 12, 1974.

SMITH, Presiding Judge.

Plaintiffs appeal from the action of the trial court in dismissing their two count petition against defendants. Plaintiffs are a consortium of St. Louis banks (hereinafter referred to as Banks) which made a loan of $800,000 to the Spanish International Pavilion Foundation (Pavilion) now defunct. Pavilion Restaurant Corporation (Restaurant) was a lessee of Pavilion...

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