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TCHEREPNIN v. FRANZ

No. 77-1582.

570 F.2d 187 (1978)

Alexander TCHEREPNIN et al., Plaintiffs, v. Robert FRANZ et al., Defendants. Samuel BERKE, Receiver of City Savings Association, Cross-Plaintiff, Appellee, v. FIRST NATIONAL BANK AND TRUST COMPANY IN ALTON, Executor of the Estate of Joseph E. Knight, Cross-Defendant, Appellant.

United States Court of Appeals, Seventh Circuit.

Decided January 23, 1978.

Rehearing and Rehearing Denied February 24, 1978.

Attorney(s) appearing for the Case

J. F. Schlafly, Jr., Alton, Ill., Raymond F. McNally, Jr., St. Louis, Mo., Edward S. Macie, Chicago, Ill., for cross-defendant, appellant.

Don H. Reuben, Chicago, Ill., for cross-plaintiff, appellee.

Before SWYGERT, CUMMINGS and BAUER, Circuit Judges.

Rehearing and Rehearing En Banc Denied February 24, 1978.

BAUER, Circuit Judge.

This appeal represents the latest stage in the complex and protracted litigation spawned by the 1964 collapse of the City Savings Association, a Chicago-based savings and loan institution. Styled by the district court as a "chronicle of political intrigue and corruption perhaps unmatched in Illinois history," the failure of city Savings was in no small measure the handiwork of...

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