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CAPOS v. MID-AMERICA NAT. BANK OF CHICAGO

No. 77-1881.

581 F.2d 676 (1978)

Dr. Nicholas J. CAPOS, Plaintiff-Counterdefendant/Appellant, v. MID-AMERICA NATIONAL BANK OF CHICAGO, a National Banking Corporation, Defendant-Counterclaimant/Appellee.

United States Court of Appeals, Seventh Circuit.

Decided August 9, 1978.

Attorney(s) appearing for the Case

Wayne B. Giampietro, Chicago, Ill., for plaintiff-counterdefendant/appellant.

Larry M. Wolfson, Chicago, Ill., for defendant-counterclaimant/appellee.

Before FAIRCHILD, Chief Judge, and SWYGERT and PELL, Circuit Judges.

PELL, Circuit Judge.

Dr. Nicholas J. Capos brought this action against the Mid-America National Bank of Chicago (Mid-America) invoking at trial section 7 of the Securities Exchange Act of 1934, 15 U.S.C. § 78g,1 and Regulation U promulgated thereunder by the Federal Reserve Board, 12 C.F.R. § 221.1 et seq.,2 and a common law theory that a bank holding stock as collateral for a loan has not...

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