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AVENUE STATE BANK v. TOURTELOT

No. 74 C 259.

379 F.Supp. 250 (1974)

AVENUE STATE BANK, Plaintiff, v. Joseph L. TOURTELOT et al., Defendants.

United States District Court, N. D. Illinois, E. D.

May 3, 1974.

Attorney(s) appearing for the Case

Justin A. Stanley, Patrick W. O'Brien and Henry F. Field, Mayer, Brown & Platt, Chicago, Ill., for plaintiff.

Randall L. Mitchell and Nancy S. Whitten of Chapman and Cutler, Charles R. Kaufman, Victor Lewis and Allan E. Lapidus of Vedder, Price, Kaufman & Kammholz, Chicago, Ill., for defendants.

MEMORANDUM OPINION

MAROVITZ, District Judge.

Motion to Dismiss

I.

As the result of a meeting on April 14, 1973, plaintiff Avenue State Bank loaned defendant Travel Management Corporation $220,000, in exchange for the execution of a series of short-term notes (later consolidated) as evidence of the indebtedness, and the execution of certain security agreements. In attendance at the meeting were Carl Oberwortmann, President of the...

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