PASTOR v. NAT'L REPUBLIC BK. OF CHICAGO

No. 76-732.

56 Ill. App.3d 421 (1977)

371 N.E.2d 1127

LOUIS PASTOR, Plaintiff-Appellee, v. NATIONAL REPUBLIC BANK OF CHICAGO, Defendant-Appellee. — (THOMAS A. HARNETT, Superintendent of Insurance of the State of New York, Proposed Intervenor-Appellant.)

Appellate Court of Illinois — First District (4th Division).

Rehearing denied January 26, 1978.


Attorney(s) appearing for the Case

James G. McConnell, of Rooks, Pitts, Fullagar and Poust, of Chicago, for appellant.

Barbara B. Hirsch, of Chicago, for appellee Louis Pastor.

Spatuzza & Spatuzza, of Chicago (Alan M. Polikoff, of counsel), for appellee National Republic Bank of Chicago.


Reversed and remanded.

Mr. JUSTICE JOHNSON delivered the opinion of the court:

Plaintiff, Louis Pastor, filed an action in the circuit court of Cook County seeking injunctive relief to prevent defendant, National Republic Bank of Chicago, from paying out funds evidenced by an irrevocable letter of credit. This instrument had been issued by defendant at plaintiff's request to Summit Insurance Company of New York (hereinafter Summit). Summit then entered into...

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