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DROVERS BANK OF CHICAGO v. SFC CORP.

No. 78 C 1099.

452 F.Supp. 580 (1978)

DROVERS BANK OF CHICAGO, an Illinois Banking Corporation, Plaintiff, v. SFC CORPORATION, a Florida Corporation, American Deposit Trust Company, a Cayman Islands Bank, and John C. Sumner, a citizen of Florida, Defendants.

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

June 30, 1978.

Attorney(s) appearing for the Case

Donald E. Egan, James C. Murray, Jr., Steven M. Rasher, Katten, Muchin, Gitles, Zavis, Pearl & Galler, Chicago, Ill., for plaintiff.

William T. Kirby, Thomas D. Rafter, Hubachek, Kelly, Rauch & Kirby, Chicago, Ill., for defendants.

ORDER

BUA, District Judge.

Plaintiff, Drovers Bank of Chicago ("New Drovers") has filed a complaint in two counts seeking declaratory and equitable relief pursuant to 28 U.S.C. §§ 2201 and 2202, that certain certificates of deposit sold by its predecessor, Drovers National Bank of Chicago ("Old Drovers") to defendants are in violation of Regulation Q of the Board of Governors of the Federal Reserve...

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