AMERICAN RE-INSURANCE CO. v. MGIC INVESTMENT CORP.

Nos. 78-237, 78-271 cons.

73 Ill. App.3d 316 (1979)

391 N.E.2d 532

AMERICAN RE-INSURANCE COMPANY, Plaintiff-Appellee, v. MGIC INVESTMENT CORPORATION, Defendant. — (COMMERCIAL LOAN INSURANCE CORPORATION et al., Defendants-Appellants.)

Appellate Court of Illinois — First District (5th Division).

Opinion filed June 8, 1979.


Attorney(s) appearing for the Case

R.R. McMahan, of Lord, Bissell & Brook, of Chicago, for appellants.

Phelan and Pope, of Chicago (Richard J. Phelan, Michael A. Pope, and John M. Christian, of counsel), for appellee.


Judgment affirmed.

Mr. JUSTICE LORENZ delivered the opinion of the court:

Defendants filed these consolidated interlocutory appeals from orders denying their motions to: (1) stay all court proceedings against them pending completion of arbitration proceedings ordered by the Supreme Court of the State of New York, and (2) vacate the orders allowing plaintiff to deposit certain funds in an interest bearing account with a court approved trustee. On appeal, defendants...

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